Swiss energy company MET Group has completed the acquisition of an operational 42MW wind farm in Bulgaria from Enel Green Power for an undisclosed price.
The transaction is part of MET’s growth strategy to develop a significant renewable portfolio in the Central and Eastern Europe (CEE) region.
The project is located in north-eastern Bulgaria in the municipality of Shabla and Kavarna and is now wholly-owned by MET Group.
It comprises 14 Vestas V90 3MW turbines and has been operating since 2010.
The transaction was completed on 20 January, and has been cleared by the Bulgarian and Serbian competition authorities.
MET Group said it considers the growth of renewable power generation in CEE as a core part of its business strategy going forward, while also supporting the energy transition away from coal in Europe.
Its goal is to build a geographically diversified portfolio of power generation and infrastructure assets, with a substantial renewable asset portfolio.