News

New venture Metka EGN expands solar portfolio

Published

October 6, 2015

Comments

comments icon

0

Share

Published:

October 6, 2015

Comments:

comments icon

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

GGF loan Lovcen banka Montenegro green portfolio

GGF provides loan to Lovćen banka in Montenegro for its green portfolio

12 February 2025 - The Green for Growth Fund (GGF) has established a partnership with Lovćen banka in Montenegro by signing a loan agreement of EUR 3 million

croatia koncar helb purchase contract

Croatian Končar taking over local engineering firm HELB

11 February 2025 - Končar agreed to acquire fellow Croatian engineering firm HELB, with 35 years of experience in the power infrastructure sector

Bulgaria ESO European balancing platform PICASSO

Bulgaria’s ESO joins European balancing platform PICASSO

11 February 2025 - Bulgaria's Electricity System Operator became the first TSO in Southeast Europe to connect to cross-border balancing platform PICASSO

Turkish companies solar power market Romania

Turkish companies expand presence in solar power market in Romania

11 February 2025 - Turkish oil refiner Tüpraş and joint venture Defic Globe, controlled by YEO, have published updates on their operations in Romania