MET Black Sea Wind Parks have an installed capacity of 42 MW, and supply power to the national power transmission grid operated by state-owned ESO (Electricity System Operator) to be transmitted to any part of Bulgaria via the national grid. However, due to the physics of electricity, it will mostly be used locally and in the vicinity of Kavarna. The wind park was commissioned in 2009 and has a project lifetime of 25 years.

The wind park located in North-eastern Bulgaria is wholly owned by MET Group, following the successful completion of a share and purchase transaction with Italian Enel Green Power S.p.A., the renewable arm of Enel Group, as seller. The transaction was completed on 20 January 2021 and was cleared by the Bulgarian and Serbian competition authorities.

MET Group considers the growth in the renewable power generation in Central and Eastern Europe as a core part of its business strategy going forward, whilst also supporting the energy transition away from coal in Europe. MET’s goal is to build a geographically diversified portfolio of power generation and infrastructure assets, with a substantial renewable asset portfolio.