Swiss-based MET Renewables has submitted a request to the Bulgarian Commission for the Protection of Competition (CPC) for the approval of its acquisition of 100% capital of Enel Green Power Bulgaria.
Enel Green Power Bulgaria, a subsidiary of Italian Enel Green Power, operates 14 wind turbines with a total capacity of 42 MW through 14 fully-owned subsidiaries. The wind turbines are a part of two wind farms on the Black Sea coast – Shabla and Kamen Bryag, each with 21 MW installed capacity.
The acquisition is part of MET’s growth strategy to develop a significant renewable portfolio in the region of Central and Eastern Europe.
Country updates
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October 19, 2020
MET Group to acquire 42 MW wind project from EGP
Swiss-based European energy company MET Group has acquired a 100% stake in a 42-megawatt wind park in Bulgaria, after signing a share purchase agreement with Italian Enel Green Power. The transaction...
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September 14, 2020
ACWA Power closes divestment of 60.4 MWp Karadzhalovo solar PV project
ACF Renewable Energy Limited, a subsidiary of ACWA Power has completed a sale of its 100% stake in ACWA Power CF Karad PV Park EAD (ACWA Power Karad), owner of the 60.4 MWp Karadzhalovo photovoltaic (...
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September 08, 2020
Enery Development to build 400 MW solar project in Haskovo
Austrian energy developer, Enery Development, is planning to build a 400 MW solar photovoltaic plant in the municipality of Haskovo in southern Bulgaria. The project will be developed thro...
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October 31, 2019
Quercus offloads 320 MW of solar, wind assets
Quercus Investment Partners has sold 320 megawatts of wind and solar power assets to Italian private equity Green Arrow Capital (GAC) for an undisclosed amount. The solar and power assets are active...
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October 29, 2019
Bulgaria’s competition regulator blocks Eurohold's bid to CEZ
Bulgaria’s competition regulator has moved to block the bid of the insurance and financial group Eurohold’s 4EH.BB to acquire the Bulgarian assets of Czech utility CEZ for a total con...
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