MET Group Acquires 42 MW Wind Farm in Bulgaria from Enel Green Power Big

/18th January 2021, RENEWABLE MARKET WATCHTM/ Bulgarian Commission on Protection of Competition Approved the Acquisition of 42 MW Wind Farm of MET Group from Enel Green Power. The Swiss-based MET Renewables Holding AG has notified the Commission for Protection of Competition in Bulgaria of its intention to acquire sole direct control over Enel Green Power Bulgaria EAD. The parent company is a subsidiary of the Italian Enel Green Power, which is part of the Enel Group and its activities are related to the management of 42 MW wind farm consisting of two sites with a total number of 14 SPV companies that own 14 wind turbines of 3 MW each, all in Northeastern Bulgaria. The buyer, MET Renewables Holding AG is a new company, but it is backed by the Swiss group MET, with direct owner MET Holding AG. However, it has been operating in Bulgaria since 2017 through its subsidiary MET Energy Trading Bulgaria. It is active in the electricity trading market at freely negotiated prices.

This 42 wind farm account for 7.6% of the installed wind power capacity in our country, and the company itself is in fifth place among the largest groups that operate wind farms in Bulgaria. The first place in Bulgaria is occupied by AES with a share of 28.3% for its Saint Nikola 156 MW wind farm, in second place is Alpiq -13.1%, in third place - Enhol -10.9%, and in fourth place is ERG with 9.8%.

Regarding the produced amount of electrical energy for 2019, the share of the acquired company (Enel Green Power) in Bulgaria in the narrowest definition of the market (wind power plants) is [5-10]%. When considering the market more broadly, it is [0-5]% for renewable energy sources and [0-5]% for all types of energy sources.

Bulgaria offers good potential for the construction of wind farms, more specifically along the coastal line, at large open space terrains, and places with an altitude of 500 meters or more. Future development in suitable mountainous areas or at locations with slower wind velocities depends on implementing new technical solutions.

There are 119 weather stations in Bulgaria, which register wind velocity and direction. Historical data for more than 30 years is available. More than 65 wind measurement masts with a height between 50 m.a.g.l. and 120 m.a.g.l. have been installed in Bulgaria between 2003 and 2019. If you need wind speed data for Bulgaria please do not hesitate to contact Renewable Market Watch™.

MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas, power and oil markets. MET is present in 14 countries through subsidiaries, 26 national gas markets and 22 international trading hubs. In 2019, MET Group’s consolidated sales revenue amounted to EUR 11.7 billion, the volume of natural gas traded was 50 BCM. MET is owned 80% by its employees and 20% by Keppel Corporation.

The more information about the wind power market in Bulgaria, including full contact details of solar project owners and developers, you may read here: Bulgaria Wind Power Market Outlook 2020÷2030

To download the executive summary brochure with sample pages for Bulgaria, please access from here: Bulgaria Wind Power Market Outlook 2020÷2030 - Sample

For a better understanding of the benefits of using our reports, you may read here: Benefit List - Reports of Renewable Market Watch - 2021

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