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MET Group sells minority stake in Tázlár solar power plant

MET Group sells minority stake in Tázlár solar power plant

December 20, 2023
Based on the agreement signed on 20 December 2023, MVM Green Generation Ltd. will acquire the 63 MWp Tázlár solar power plant owned by HO-ME 2000 Vagyonkezelő Kft., MASPED Erste Magyar Általános Szállítmányozási Zrt. and MET Green Asset Holding AG. MET has a 20% stake in the power plant.

As a professional investor, MET Group acquired a 20% stake in the Tázlár photovoltaic project in 2021, which was under construction at that time. The power plant started commercial operations in January 2022.

Under the agreement signed on 20 December 2023, MET Green Asset Holding AG, in line with the majority shareholder, sells its stake to MVM Green Generation Kft. The transaction is expected to close in the first quarter of 2024.

Swiss-based MET Group operates five solar power plants in Hungary, one solar plant in Spain and two wind farms in Bulgaria. Other renewables projects are at the development or implementation phase in Italy, Germany, Switzerland, Romania, and Poland.


MET Group

MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 15 countries through subsidiaries, 30 national gas markets, and 22 international trading hubs. MET has extensive experience in operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2022, MET Group’s consolidated sales revenue amounted to EUR 41.5 billion, with a total traded volume of natural gas amounting to 109 BCM and total traded electricity of 67 TWh.