Swiss energy outfit MET Group has kicked off construction of its first solar project in Spain, a 50MW project in Cadiz region of Andalusia.
The construction will cover an area of almost 130 hectares in which more than 88,000 solar panels will be installed.
The Pueto Real 3 solar plant is scheduled to start commercial operations in the third quarter of 2023.
MET acquired a 100% stake in the Spanish project at a ready-to-build status in April 2022.
Within MET, a dedicated green assets division, provides all the necessary expertise and support to the renewable expansion strategy, with an ambitious target of reaching a 1GW installed capacity renewables portfolio by 2026, thus playing an active role in European energy transition.
MET Group already been established in Spain for over six years with its local subsidiary, MET Energía España, delivering natural gas and power to Spanish end-customers.
In 2021, MET also acquired COGEN Energía España, an integrated operator and service provider in Spain’s CHP (combined heat and power) industry.
The construction of the Puerto Real 3 solar power plant will be completed in partnership with CMC Europe, which is responsible for engineering, procurement and construction.
Christian Hürlimann, Renewables CEO of MET Group said: “We consider Spain as one of the key growth markets for our renewables business, so several additional projects are under consideration.
“The Spanish market combines favourable wind and solar irradiation conditions with a mature corporate ecosystem, robust power system, as well as strong institutional and legislative background, making it very attractive for further investments.”