Swiss-based energy company MET Group acquired a 100% stake in the Spanish 50 MWp solar project at a ready-to-build status in 2022. The Puerto Real 3 project is situated in the Andalusia region, known for its high solar irradiation levels. The solar power plant incorporates the latest technology and has an expected lifetime of at least 30 years.
MET Group has already been long-established in Spain for over 7 years with its local subsidiary, MET Energía España. In 2021, MET also acquired COGEN Energía España, an integrated operator and service provider in Spain’s CHP (combined heat and power) industry.
“We currently operate six solar power plants in Hungary and two wind farms in Bulgaria. Other diverse projects are under development or already being implemented in Italy, Germany, Romania, Poland, and Switzerland. The green asset portfolio now consists of around 400 MW in operation, including the Puerto Real 3 project we have just completed. MET’s Green Assets Division is focusing in particular on solar and wind power in Europe,” said Christian Hürlimann, Renewables CEO of MET Group.
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.