MET Renewables acquires Eolica Bulgaria

Bulgaria's competition authority granted approval to MET Renewables Holding, part of Swiss energy group MET, to acquire Eolica Bulgaria, owner and operator of a 60 megawatt wind park in Suvorovo.

With this acquisition MET will expand its operating wind portfolio in Bulgaria to 102 MW, according to the Swiss company. The transaction is expected to be completed in the third quarter of 2021.

Suvorovo wind park generates around 120 GWh of electricity per year. The facility, representing 8.5% of Bulgaria's total installed wind capacity, supplies electricity equivalent to the consumption of around 38,000 households.