PV - Met Group?s first solar power plant in Spain begins electricity generation - Renewable Energy Magazine
PV - Met Group?s first solar power plant in Spain begins electricity generation - Renewable Energy Magazine, at the heart of clean energy journalism
Swiss-based energy company Met Group acquired a 100 percent stake in the Spanish 50 MWp solar project at a ready-to-build status in 2022. The Puerto Real 3 project is situated in the Andalusia region, known for its high solar irradiation levels. The solar power plant incorporates the latest technology and has an expected lifetime of at least 30 years.
Met Group has already been long-established in Spain for over 7 years with its local subsidiary, Met Energía España. In 2021, Met also acquired Cogen Energía España, an integrated operator and service provider in Spain’s CHP (combined heat and power) industry.
“We currently operate six solar power plants in Hungary and two wind farms in Bulgaria” said Christian Hürlimann, Renewables CEO of Met Group. “Other diverse projects are under development or already being implemented in Italy, Germany, Romania, Poland, and Switzerland. The green asset portfolio now consists of around 400 MW in operation, including the Puerto Real 3 project we have just completed. Met’s Green Assets Division is focusing in particular on solar and wind power in Europe.”
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Related Knowledge Center: ENERGY BASICS: solar
Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.