The latest renewable energy news includes announcements on United Group in Bulgaria, Ignitis in Latvia, MET Group, among others.
United Group Inaugurates Second Solar Farm in Bulgaria
United Group has launched its second solar power plant in Bulgaria, UG Sunny, located in Loznitsa municipality, with a capacity of 10 MW. The solar farm is expected to generate 14,000 MWh annually, supplying clean electricity to over 4,000 households. This marks a step forward in United Group’s strategic plan to meet 80 percent of its energy demand through renewables by 2029. The company is investing in sustainable infrastructure to lower its carbon footprint and reduce reliance on grid electricity. With a strong focus on technology-driven energy solutions, United Group aims to lead in energy transition across Southeast Europe. The initiative benefits both the environment and local communities by promoting clean, affordable, and resilient power.
Ignitis Starts Operations at 94-MW Solar Park in Latvia
Ignitis Group has launched commercial operations at its 94-MW Slaruve solar park in Latvia, the company’s largest solar power facility to date. Situated in Jekabpils municipality, the project comprises more than 170,000 panels and is expected to generate around 100 GWh annually—enough to supply clean electricity to over 47,000 households. Developed by Ignitis Renewables, this milestone aligns with the group’s strategy to expand its green generation capacity to 4–5 GW by 2030. The solar park includes advanced monitoring and grid integration technologies, enabling high efficiency and real-time data control. It contributes significantly to Latvia’s renewable energy targets and EU decarbonization goals while strengthening local energy security and reducing carbon emissions across the region.
MET Group signs EUR 1.1 billion credit facility
Swiss-based MET Group has amended and extended its €1.1 billion Borrowing Base Facility (BBF) for its Sales & Trading segment, highlighting strong support from its banking partners. Led by ING Bank and joined by 13 other international banks, the facility includes an option to increase to €1.7 billion, offering flexibility for future growth. The BBF remains a core financing tool for MET’s gas, LNG, and power trading operations, supporting LNG imports, natural gas storage, and sales across Europe.
GreentechLead.com News Desk