MET Group is growing its European renewables portfolio by acquiring a greenfield solar project in Poland, with an expected installed capacity of 60MW.
MET Group has signed a share purchase agreement with Toren Spółka Akcyjna, a Polish renewables project developer, to buy all shares in its development project in western Poland.
The solar project is expected to achieve ready-to-build status in 2023.
Christian Hürlimann, Renewables CEO of MET Group, said: “We already have solar and wind park projects in Hungary, Bulgaria, Italy, Spain, and now in Poland.
“As we aim to build a geographically diversified renewables portfolio, MET also targets Romania, Croatia, and Germany where the investment environment for renewable energy is improving, and interesting investment opportunities can be developed.
“From a business model perspective, our project portfolio is relying on both support mechanisms and market-based revenues (PPAs). Our objective is to acquire ready-to-build assets as well as to develop greenfield and brownfield sites.”