ADVERTISEMENT

MET Kabai Solar Park starts commercial production

Green Energy

MET Group’s new solar power plant, with an installed capacity of 43 MW, has started commercial operation in the Hungarian town of Kaba, providing green electricity to more than 23,000 households, according to a press release sent to the Budapest Business Journal.

Currently the largest element of the energy company’s Hungarian renewables portfolio, Kabai Solar Park incorporates the latest technology and has an expected lifetime of at least 25 years.

Being located on 70 hectares, the site has also presented an opportunity to cooperate with the 10 Million Trees Foundation. The organization reached an important milestone of trees planted – in a joint action being volunteers and MET Group, the 50,000th tree was planted. In doing so, the two parties highlighted their conviction that everyone – individuals, non-profit organizations, and companies – must do what they can to achieve a sustainable future.

"Renewable energy is the cornerstone of a sustainable future, and it creates significant value for local communities also. The goal of MET is to install solar parks with a total capacity of several hundred megawatts in Hungary," said Balázs Gábor Lehőcz, chairman of the asset management board of MET Group.

The Dunai Solar Park and the Kabai Solar Park already account for a capacity in excess of 60 MW.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.