Hungarian company acquires a massive German project

The Hungarian-owned MET Group has acquired a 100 percent stake in a project launched by Emeren Germany. The solar power project has a peak capacity of 11.5 megawatts, generating 13 gigawatt-hours of energy per year.

Hungarian company buys German project

The Kentzlin photovoltaic solar power plant project developed by Emeren Germany has been acquired by the Hungarian-owned MET Group. This special solar power plant will have an installed capacity of 11.5 megawatt peak (MWp) and an annual energy production of 13 gigawatt hours (GWh), which corresponds to the average annual consumption of 3,600 households in Germany.

The project, located in Mecklenburg-Western Pomerania, reached construction completion in mid-July. Commercial production is scheduled to start in the second half of 2024.

According to the announcement, the entry into the renewables market has further expanded the scope of the energy company’s activities in Germany. MET Group was already an active player in the German gas and electricity markets. In recent years, it has acquired 3.4 terawatt hours (TWh) of natural gas storage, concluded LNG regasification capacity, established a local subsidiary and is increasingly supplying energy to municipal utilities, industrial and commercial customers and now also to residential customers.