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MET Group issues bonds to finance the expansion of its Renewables portfolio
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MET Group issues bonds to finance the expansion of its Renewables portfolio

November 30, 2021
To further the development of solar parks in Hungary, MET Hungary Solar Park Kft. (HSP), solely owned by MET Group, has issued bonds with a 10-year term and face value of HUF 64.8 billion as part of the MNB (National Bank of Hungary) Bond for Growth Scheme. The bonds were given a B+ rating by the Scope international credit rating agency.

The total capacity of the MET’s HSP-owned Danube and Kaba Solar Parks, already up and running, combined with the output of the solar parks in Buzsák, Gerjen, and Söjtör, still under development and construction, is expected to reach 237 MWp by the end of 2022. This is equal to the electricity consumption of 100,000 Hungarian households.

MET Group is continuously working on expanding its renewable energy portfolio. MET plans to finance this expansion, focusing on Central, Eastern and Southern Europe, with the help of the bond program.

“The sustainability endeavours that affect the entire world can be realised only with energy efficiency measures and rapid growth in the utilization of renewable energy. In addition, our energy consumption is not decreasing, and the greening of industries will require further expansion in electricity generation. Political commitments and moves by the financial investment sector have already started the transition to a green economy. As energy investors, we believe it is our responsibility to significantly increase investment in renewable energy production,” explained Balázs Gábor Lehőcz, Chairman of the Asset Management Board of MET Group.

The credit rating procedure preceding the issuance and its annual review obligates all participating companies to operate in a transparent and prudent manner. It also motivates companies to develop increasingly effective structures and processes.


MET Group

MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas and power markets. MET is present in 14 countries through subsidiaries, 25 national gas markets and 22 international trading hubs. In 2020, MET Group’s consolidated sales revenue amounted to EUR 11.2 billion, the volume of natural gas traded was 71 BCM.