Swiss energy company MET Group is to acquire a 42MW wind farm in Bulgaria, after signing a share purchase agreement with Enel Green Power.
The transaction is part of MET’s growth strategy to develop a significant renewable portfolio in central and eastern Europe.
The wind farm is located close to Kavarna, in north-eastern Bulgaria, and has been operating since 2010.
It features 14 Vestas V90 3MW tubrines and supplies power equivalent to the consumption of around 30,000 households.
The closing of the transaction is expected to take place before the end of December.
MET Group chief executive Benjamin Lakatos said: “This acquisition is a clear sign of the implementation of MET Group’s integrated strategy to develop a strong renewable portfolio in the CEE region.
“Our goal is to build a geographically diversified portfolio of power generation and infrastructure assets, with a substantial renewable asset portfolio.
“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.”