METLEN & HRE Seal Landmark Solar Deal, South Korea

Summary by AI BETAClose X

METLEN Energy & Metals PLC announced that HRE Co. Ltd. will acquire a 42 MW portfolio of METLEN's solar projects in South Korea. The portfolio includes five operational and under-development solar projects expected to generate over 60 GWh of clean electricity annually, enough to power over 12,000 Korean households. The operational projects have secured long-term power purchase agreements with Korean conglomerates. This transaction strengthens METLEN's liquidity and supports its global asset rotation plan. METLEN and HRE are also exploring a broader strategic partnership for future large-scale solar, BESS, and green-powered data center projects in South Korea.

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