MET Group expanding into the Polish market

Swiss-based energy company MET Group has announced it is growing its European renewables portfolio by expanding into the Polish market, having acquired a 100 percent stake in a greenfield solar power project in Poland.
MET Group expanding into the Polish market
Courtesy of NREL.

On 26 August 2022, MET Group signed a share purchase agreement with TOREN Spółka Akcyjna, a Polish renewables project development company to buy its greenfield photovoltaic development project in Western Poland. The solar power plant has an expected installed capacity of 60 MWp and is expected to achieve ready-to-build status in 2023.

“We already have solar and wind park projects in Hungary, Bulgaria, Italy, Spain, and now in Poland” said  Christian Hürlimann, Renewables CEO of MET Group. “As we aim to build a geographically diversified renewables portfolio, MET also targets Romania, Croatia, and Germany where the investment environment for renewable energy is improving, and interesting investment opportunities can be developed. From a business model perspective, our project portfolio is relying on both support mechanisms and market-based revenues (PPAs). Our objective is to acquire ready-to-build assets as well as to develop greenfield and brownfield sites.”

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