MET Group buys 77-MWp shovel-ready solar project in Hungary

Swiss energy company MET Group today announced the purchase of a 77-MWp solar project in Hungary from local company Opus Global Nyrt.

The greenfield project, located in the municipality of Buzsak, is in the ready-to-build stage. Once operational, the solar farm will generate 83.7 GWh of power a year.

The latest purchase comes after the company's recent acquisition of a 48-MWp solar project in Gerjen, Hungary and a 43-MWp project in Sojtor, both ready to build.

Construction of the solar farms is due to start in the second or third quarter of the year. Once completed, the three solar farms will generate enough power to supply over 90,000 homes in total.

The acquisitions are in line with MET's strategy announced in 2019, which envisions the company building a solar and wind portfolio with a total capacity of over 500 MW in Central and Eastern Europe by 2023.

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