MET Group Sells its Stake in TIGÁZ & Acquires Solar Power Plants

Source: www.gulfoilandgas.com 3/12/2021, Location: Europe

MET Group sells its 49,57% stake in the Hungarian natural gas distributor TIGÁZ Zrt. to Opus Global Nyrt. MET also announces the 100% acquisition of the Buzsák 77 MWp solar power plant in Hungary, in line with its CEE renewables growth strategy.

On 11 March 2021, MET Group signed a share purchase agreement with Opus Global Nyrt., selling its 50% shareholding in MS Energy Holding AG, representing a 49,57% stake in TIGÁZ Zrt. The transaction is expected to close on 31 March 2021.

At the same time, MET acquires a 77 MWp photovoltaic power plant project from Opus Global Nyrt. in the Hungarian municipality of Buzsák. This is a greenfield solar power plant project in a ready-to-build (RTB) status, expected to produce 83.7 GWh electricity annually.

MET Group announced its European renewables expansion strategy in 2019. The energy company is dedicated to build a significant 500+ MW renewables portfolio by 2023, consisting of solar and wind projects in the CEE region.

MET has recently acquired in Hungary a 48 MWp photovoltaic project in Gerjen and a 43 MWp project in Söjtör, both at RTB status. The construction of these solar plants is expected to begin in Q2/Q3 2021. When completed, the three power plants (Buzsák, Gerjen and Söjtör) will provide electricity to over 90 thousand households between them.


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