MET Group finalizes acquisition of 42 MW wind project in Kavarna

MET Group has completed the acquisition of a 100% stake in Enel Green Power Bulgaria EAD, which owns a 42-megawatt wind park in Bulgaria.

The 42 MW wind park located in North-eastern Bulgaria is now wholly owned by MET Group, following the completion of a share and purchase transaction with Italian Enel Green Power S.p.A., the renewable arm of Enel Group, as seller. The transaction was completed on 20 January 2021, and was cleared by the Bulgarian and Serbian competition authorities.

The wind park, the 5th largest in Bulgaria, is located in the municipality of Shabla and Kavarna, with 14 units of Vestas-V90 wind turbines (3 MW capacity each). The wind farm, operating since 2010, supplies power equivalent to the consumption of around 30,000 households.