Met Group plans launch of 52 MWp Romanian solar plant in 2024
Date: December 6th 2022
Author: Tanja Srnovršnik
The Swiss energy company Met Group has bought a 52 MWp solar project under development in southern Romania for an undisclosed sum and plans to put it into operation in 2024, it said on Tuesday.The solar project will be located near Romania’s capital Bucharest and is currently at an advanced planning stage. It is expected to reach ready-to-build status by the first quarter of 2023, said the company on Tuesday, without disclosing the identity of the seller.
The solar plant is expected to produce approximately 82 GWh of electricity per year, which is sufficient to cover the average annual consumption of 50,000 households.
Romania is the fourth country in which Met Group has acquired renewable energy projects this year, after Italy, Spain, and Poland.
“We have been looking at the Romanian market for some time and managed to grow great partnerships with local developers, and also a substantial pipeline that we are looking into for potential further acquisitions,” said Octavian Georgescu, head of origination renewable assets at Met Group, in the latter’s press release.
The company aims to achieve a European renewables portfolio with 2 GW of installed capacity by 2026.
Met Group has been present in Romania for over 13 years via its local subsidiary, Met Romania Energy, which supplies electricity, natural gas and energy services to households and industrial consumers.