MET Group subsidiary MET Hungary Solar Park (HSP) Kft.'s corporate bond, issued in December 2021 to finance solar power plants in Hungary, was officially qualified as a green product on the Budapest Stock Exchange website.
A limited number of XBond issuers received a green qualification, among them MET HSP. Projects financed through green bonds are assessed as having a positive environmental impact and contributing to Hungary's transition to a lower carbon energy economy.
A number of green debt securities have been registered on the XBond market in recent years. As such, these green bonds form a distinct market segment, benefitting from the continuously growing investor interest in green securities.
The issuer - MET Hungary Solar Park Kft. - used the proceeds from the bond sale to refinance and construct five solar parks (Dunai Solar Park, Kaba, Buzsák, Gerjen and Söjtör Solar Parks). All of them were commissioned by the end of last year. The five existing projects generate enough electricity to supply about 140,000 households per year. The total value of the 10-year green bond amounts to HUF 64.8 billion (EUR 170 million).
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 14 countries through subsidiaries, 30 national gas markets, and 22 international trading hubs. MET has extensive experience in operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2022, MET Group's consolidated sales revenue amounted to EUR 41.5 billion, the total traded volume of natural gas was 109 BCM including futures, total traded electricity 67 TWh including futures.
Contact
Tobias Kistner
Group Communications Director
MET Holding AG
Tel: +41 79 470 59 86
E-Mail: tobias.kistner@met.com
