With a total installed capacity of 20 MWp and an estimated annual electricity production of approximately 30 GWh, the two solar plants will generate electricity equivalent to the consumption of over 10,000 households once completed. Both projects, developed by the Italian energy company ReFeel New Energy (RNE), are ready for construction, with commercial operations expected to begin in 2025.
Luke Gillott, CEO of KMR, stated: "The completion of this transaction marks an important milestone in our goal to build a portfolio of cutting-edge wind and solar projects in the European Union. We are committed to playing an active role in Europe's energy transition."
KMR, headquartered in Baar, Switzerland, is a significant player in the Italian renewable energy market, with an existing portfolio of 277 MWp of solar projects in early or mid-development stages across Italy, expected to become commercially operational in the coming years. The company acquires, develops, operates, and manages large-scale, high-performance solar photovoltaic and onshore wind renewable assets throughout Europe.
MET Group is an integrated energy services provider, headquartered in Switzerland, with operations and assets in natural gas and electricity markets. MET has subsidiaries in 15 countries and operates in 30 national natural gas markets and 39 international trading hubs. MET has extensive experience in operating green (renewable-based) or flexible (conventional-based) energy assets, offering a broad range of support for the energy transition. In 2023, MET Group's consolidated revenues reached €24.5 billion, with a total traded natural gas volume of 88 BCM, including futures contracts, and electricity of 68 TWh.
Keppel is a global asset management and operating company with extensive expertise in sustainability solutions, covering infrastructure, real estate, and connectivity sectors. Headquartered in Singapore, Keppel operates in over 20 countries worldwide, providing essential infrastructure and services for renewable energy, clean energy, decarbonization, sustainable urban renewal, and digital connectivity. Keppel creates value for investors and stakeholders through its quality investment platforms and diverse asset portfolios, including private funds and publicly listed real estate and business trusts.
