/LONDON, December 27, 2021, 10:00 GMT, RENEWABLE MARKET WATCHTM/ The Swiss energy company MET Group finalised the transaction for a 100% stake in a 60MW wind park in Bulgaria. MET Group signed a share purchase agreement with Spanish Grupo Enhol to acquire the operating wind asset earlier (on 30 July 2021) this year. With this acquisition, the company continues to follow its target of 500MW operational renewable energy power plants in the Central East Europe (CEE) region by 2023. The transaction is essential in achieving MET’s renewables growth targets in the CEE region of 500 MW in operation by 2023.
Suvorovo Wind Park, representing 8.5 per cent of the total installed wind capacity in Bulgaria, consists of 30 Gamesa G90 wind turbines – 2 MW capacity each. The wind farm, operating since 2012, produces approximately 120 GWh of electricity per year, supplying power equivalent to the consumption of around 38.000 households. With this acquisition, MET Group expanded its operating wind portfolio in Bulgaria to 102 MW after the deal at the end of 2020 for a 42MW Black Sea wind park from Enel Green Power.
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 wind farm owners and developers, you may read here: Bulgaria Wind Power Market Outlook 2021÷2030
To download the executive summary brochure with sample pages for Bulgaria, please access from here: Bulgaria Wind Power Market Outlook – Sample
For a better understanding of the benefits of using our reports, you may read here: Benefit List – Reports of Renewable Market Watch – 2021
Image credit: Grupo Enhol’s web site.
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