Swiss-headquartered energy company MET Group has acquired a 42 MW wind park in Bulgaria, near the town of Kavarna, from Enel Green Power, a subsidiary of Italy's Enel Group, for an undisclosed sum.
Kavarna wind farm, Bulgaria
Wind Park near Kavarna, Bulgaria. Photo: Ivelina Taushanova/World Bank.
The transaction is expected to be finished before the end of the year and is part of MET’s growth strategy to develop a renewable portfolio in Central and Eastern Europe (CEE).
The wind park, Bulgaria's fifth largest, consists of two sites on the Black Sea coast which combined have a total of 14 wind turbines of 3 MW each.
The wind park, operating since 2010, supplies power equivalent to the consumption of around 30,000 households.
Benjamin Lakatos, MET Group CEO, said in the statement that the company's goal is to build a geographically diversified portfolio of power generation and infrastructure assets, with a substantial renewable asset portfolio in CEE.
"As for the diversification of energy sources, I am convinced that our focus on renewables is the right approach, and together with our core competence around natural gas as a transition fuel we can support energy developments towards carbon neutrality,” he said.
MET Group is active in natural gas, energy and oil markets and is present in 14 countries through subsidiaries, 26 national gas markets and 22 international trading hubs. In 2019, the Group’s consolidated sales revenue amounted to €11.7 billion.
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