10th Nov 2026 09:07
(Alliance News) - Metlen Energy & Metals PLC on Tuesday announced that it has agreed to sell four UK solar parks to Nala Renewables Ltd.
The Athens-based aluminium producer and electricity generator did not disclose a sum for the sale of the solar parks which have a combined capacity of around 119 megawatts.
The projects are located in Norfolk, Somerset and East Sussex, and are scheduled for phased delivery between 2027 and 2028.
Once completed, the generators are expected to create enough electricity to power more than 52,000 homes annually.
Metlen said the sale supports its asset rotation strategy and marks Nala Renewables' expansion into the UK market.
Chief Executive Director of M Energy Transition Platform Nikos Papapetrou said: "This sale reflects the continued strength of Metlen's development platform and our ability to originate, mature and deliver high-quality renewable energy assets for long-term investors.
"The UK is a strategically important market for Metlen, where our established project footprint, for over a decade now, provides a strong foundation for our continued contribution to the country's energy transition."
Metlen shares rose 0.2% to EUR45.64 per share on Tuesday morning in London.
By Niall Holden, Alliance News reporter
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