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Renewable Investors in Europe
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Description
What’s the focus of MET Holding?
The Swiss energy company was founded in 2007 and has recently ramped up their acquisition of renewable assets. Their goal is to build a large-scale and financially sound wind and solar portfolio to provide profit to their customers. The Zug-based group invests in projects at all stages of development from ready-to-build to the development of sites.
Solar and Wind Portfolio Pipeline of the Swiss company
The company’s aim is to accelerate their renewable portfolio by having 500MW of installed capacity by 2023. The Swiss group also aims to acquire a further 500MW by 2026, as part of their ambitious goal to establish their position in the green energy sector.
Purchase confirmed for 263MW Spanish Puerto Real 3 and Italian solar projects
In April 2022, the Swiss energy group confirmed their 100% stake in five Italian solar projects with a total installed capacity of 213MW. Furthermore, they have also confirmed their purchase of a 50MW Spanish solar farm. The Italian projects will be ready to build by 2024 whereas the Spanish site is currently in a ready-to-build state. The two acquisitions bring their total pipeline to 714MW, which is in line with their total installed capacity of 1GW by 2026 goal.
Acquisition of a solar project in Poland
The Switzerland-based investor is acquiring all shares in a 60MW development project from Polish renewables developer Toren Spółka Akcyjna. Located in western Poland, the solar project has an expected installed capacity of 60MW and is expected to be in a build-ready stage in 2023.
Entering into the Romanian solar market
The Swiss group is investing into the renewables market in Romania by purchasing a 52MW PV solar project that is located in southern Romania near Bucharest. The group is expecting the project to be ready to build by Q1 of 2023.
Picture Source: Unsplash, 21.03.2021
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