MET Green Assets Holding has acquired a 25% in SwissWinds Holding and its subsidiaries ahead of the pair developing wind farms in Switzerland.
SwissWinds has already constructed the highest wind farm in Europe on the Nufenen Pass, at 2478 metres above sea level, which is located on the highest mountain pass with a paved road in Switzerland.
Further projects, primarily located in the canton of Valais, will be developed or brought to a ready-to-build status in the coming years.
Martin Senn, founder of SwissWinds, said: “Wind turbines supply 60% of electricity in the winter months – exactly when Switzerland faces a risk of a gap in its electricity supply.”
MET Green Assets Holding AG, headquartered in Baar (Switzerland), is MET Group’s rapidly growing renewable energy unit.
The unit is investing in renewable energy projects in Europe with a focus on onshore wind farms and solar plants.
Christian Hürlimann, renewables chief executive of MET Group, said: “We are delighted that with our stake in SwissWinds, we are getting active in our company’s home market for the first time and will make a targeted effort to use the wind potential in Switzerland.”