MET Group (“MET” or “Group”), a leading integrated European energy company, is pleased to announce the closing of its HUF 5 billion Project Financing Facility (the “Facility”) for its subsidiary MET Dunai Solar Park Kft, in line with its focused growth strategy into renewable energy.
The Facility will finance the construction and operation of MET’s first solar park project in Hungary (the “Project”) located in the Százhalombatta area. The Project will have an installed capacity of 17.6 MW and supplying power to the national power transmission grid.
The Facility has a tenor of 15 years and has been structured on a non-recourse basis.
Following strong demand from banks to finance this renewable energy project, MET selected UniCredit Bank Hungary Zrt. to arrange the Facility.
Facility, Security Agent and Lender:
UniCredit Bank Hungary Zrt.
Lender’s Counsel:
Kinstellar
About MET Group
MET Group is an integrated European energy company. Headquartered in Switzerland, MET is an active participant in the European natural gas, power and oil markets. The Group is present in 15 countries through subsidiaries, 28 national gas markets and 23 international trading hubs. MET trades about 8% of continental Europe’s gas consumption (Europe consumption in 2017 was 465 BCM, MET Group total volume traded about 35 BCM).