Swiss-based renewable energy investment platform Keppel MET Renewables acquires a 100% stake in a solar development project in Apulia, Italy.
This strategic move not only strengthens KMR's presence in the Italian renewable energy market but also marks a significant step towards a sustainable future. In this blog, we'll explore the details of this acquisition, KMR's ambitious goals, and its impact on the European energy transition.
KMR's Strategic Acquisition in Apulia
The project, expected to generate approximately 63 GWh of energy annually, will power over 20,000 Italian households once operational. Set to reach ready-to-build status by 2025 and start commercial operations in 2026, this acquisition is a testament to KMR's commitment to expanding its renewable energy portfolio.
Ambitious Goals and European Expansion
With an existing portfolio of over 200 MWp in early to mid-stage solar projects across southern Italy, KMR is poised for significant growth. Benjamin Lakatos, Chairman and CEO of MET Group, highlights the group's goal of achieving a 2 GW installed capacity renewable portfolio by 2026. This ambitious target includes not only greenfield investments but also ready-to-build and brownfield projects across the European Union. KMR's recent acquisition in Italy is just one of many steps towards this goal, demonstrating their dedication to the energy transition.
The Broader Impact on Europe's Energy Transition
KMR's expansion is not limited to Italy. The joint venture is also eyeing other key markets in Western Europe, including France, Germany, Portugal, and Spain. By developing and constructing a geographically and technologically diversified portfolio of PV and onshore wind assets, KMR is playing a vital role in advancing Europe's energy transition. Tan Boon Leng, Managing Director at Keppel, emphasizes the importance of this expansion in contributing to the continent's sustainable energy goals.
Join the Renewable Energy Revolution
Keppel MET Renewables' latest acquisition is a significant milestone in the journey towards a sustainable future. As they continue to expand their renewable energy portfolio across Europe, their efforts are paving the way for a cleaner, greener planet. Stay updated on the latest developments in renewable energy by visiting our website. Join our newsletter to be part of the renewable energy revolution and contribute to a sustainable future.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
Click to know more about Enerdatics' Renewable Energy M&A, Finance, PPA, and Projects databases.
.png)
.jpg)
