News

New venture Metka EGN expands solar portfolio

Published

October 6, 2015

Comments

0

Share

Published:

October 6, 2015

Comments:

0

Share

Mytilineos group member Metka SA announced the establishment of a new subsidiary firm, Metka EGN, through a joint venture with the Egnatia Group, with the aim of bolstering its portfolio, including in the solar energy market. The international engineering, procurement and construction contractor (EPC) and industrial manufacturing group, active within the energy, infrastructure and defense sectors, holds a 50.1% stake in the new venture.

Metka EGN will seek to combine Egnatia’s experience in EPC projects for photovoltaic systems and related projects with Metka’s overall energy sector know-how, geographical presence, and organizational strength, the press release said.

Metka EGN will focus on major clients, especially in Europe, the Middle East, Africa, and Latin America. Subsidiary firms fully controlled by Metka EGN have been formed in the United Kingdom and Cyprus. The portfolio may reach a total installed capacity of up to 500 MW in the first quarter of 2016, Metka said.

Related Articles

lopare lithium petition protest ban

Lopare municipality demands from Republic of Srpska to reject lithium project

23 February 2024 - Head of the Municipality of Lopare Rado Savić has submitted a petition to the National Assembly of the Republic of Srpska

Turkish company Zorlu Energy IPO renewables subsidiary

Turkish company Zorlu Energy initiates IPO of its renewables subsidiary

23 February 2024 - Zorlu Renewables, the largest geothermal power plant operator in Turkey, is preparing for a stock market debut

Veolia 430 MW gas power plant Hungary Uniper

Veolia buys 430 MW gas power plant in Hungary from Uniper

23 February 2024 - By buying the Gönyű gas-fired power plant in Hungary from Uniper, Veolia is strengthening its flexible energy portfolio

EIB-Global-loan-EPBiH-for-Vlasic-wind-power-plant

EIB Global approves loan to EPBiH for Vlašić wind power plant

22 February 2024 - EIB Global formally approved a EUR 36 million loan for the Vlašić wind power project near Travnik in Bosnia and Herzegovina