Swiss-based MET Group wraps up acquisition of 42 MW wind park in Bulgaria

Switzerland-based energy company MET Group said that it has completed the acquisition of 100% of Enel Green Power Bulgaria, which owns a 42-megawatt wind park in northeastern Bulgaria, from Italy's Enel Green Power.

"MET Group considers the growth of renewable power generation in Central and Eastern Europe as a core part of its business strategy going forward, whilst also supporting the energy transition away from coal in Europe," the company said in a statement on Thursday.

"MET’s goal is to build a geographically diversified portfolio of power generation and infrastructure assets, with a substantial renewable asset portfolio," the company added.

The transaction was completed on January 20 after receiving approval from the relevant competition authorities.

The 42 MW wind park in northeastern Bulgaria is the fifth largest in the country. It comprises 14 units of Vestas-V90 wind turbines of 3 MW each.

MET Group, active in the natural gas, power and oil markets, is present in 14 countries through subsidiaries, 26 national gas markets and 22 international trading hubs.

Enel Green Power is the renewable energy arm of Italy's Enel Group.

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