{"url":"https://newsforagent.com/news/2026-11-10/metlen-sells-uk-solar-nala-renewables","markdown_url":"https://newsforagent.com/news/2026-11-10/metlen-sells-uk-solar-nala-renewables.md","title":"Metlen Sells 119 MW UK Solar Portfolio to Nala Renewables","headline":"Metlen Signs Deal to Sell Four UK Solar Parks Totaling 119 MW to Nala Renewables","description":"Metlen signed sale agreements for four UK solar parks totaling about 119 MW with Nala Renewables, with phased delivery in 2027 and 2028.","section":"Divestitures","published_at":"2026-11-10T08:14:19+00:00","modified_at":"2026-11-10T08:14:19+00:00","author":"News Desk","key_takeaways":["Metlen signed Sale and Purchase Agreements to sell four UK solar parks with a combined capacity of approximately 119 MW to Nala Renewables.","The portfolio, located in Norfolk, Somerset and East Sussex, will be constructed and delivered in phases between 2027 and 2028.","Once completed, the projects will provide clean power equivalent to 52,320 homes per year, with Nala's revenue coming from a corporate PPA and Contracts for Difference."],"companies":[{"name":"Metlen Energy & Metals","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000wif/metlen-energy-metals","website":"https://www.metlen.com"},{"name":"Nala Renewables","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000aghv/nala-renewables","website":"https://nalarenewables.com"}],"source":{"publisher":"Investegate","title":"METLEN Sells 119 MW UK Solar to Nala Renewables","url":"https://www.investegate.co.uk/announcement/rns/metlen-energy-metals-plc--mtln/metlen-sells-119-mw-uk-solar-to-nala-renewables/9867106"},"other_sources":[],"tags":["Divestitures","Metlen Energy & Metals","Nala Renewables"],"body_markdown":"Metlen Energy & Metals has signed Sale and Purchase Agreements to sell a UK solar photovoltaic portfolio with a combined capacity of approximately 119 MW to Nala Renewables, the company said in a [statement](https://www.investegate.co.uk/announcement/rns/metlen-energy-metals-plc--mtln/metlen-sells-119-mw-uk-solar-to-nala-renewables/9867106) published November 10, 2026. The price was not disclosed.\n\n[Metlen Energy & Metals](https://akta.pro/company-profiles/0000wif/metlen-energy-metals) is a Greek industrial and energy company listed on the London Stock Exchange and a constituent of the FTSE 100 Index. [Nala Renewables](https://akta.pro/company-profiles/000aghv/nala-renewables) is expanding into the UK renewables market through the agreements.\n\n## Metlen's Four-Park Sale to Nala Renewables\n\nThe portfolio comprises four utility-scale solar parks in Norfolk, Somerset and East Sussex, currently at Ready-to-Build and Under Construction stages. The projects are scheduled to be constructed and delivered in phases between 2027 and 2028, and will provide clean power equivalent to 52,320 homes per year once completed.\n\nFollowing delivery, Nala's revenue will come from a combination of contracted arrangements, including a corporate Power Purchase Agreement and Contracts for Difference. Delivery of each project will be complete upon issuance of the respective Provisional Acceptance Certificate.\n\nThe agreements mark Nala Renewables' expansion into the UK renewables market and establish the basis for a long-term strategic partnership between the two companies that can support the deployment of additional renewable energy and energy storage projects across Europe. The transaction advances Metlen's asset rotation strategy, through which the company develops, constructs and monetises renewable energy projects while reinvesting capital into its international development pipeline.\n\nNikos Papapetrou, Chief Executive Director of M Energy Transition Platform, 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.\" Papapetrou said Metlen has delivered more than 70 renewable energy and storage projects in the UK to date, while more than 20 additional projects are currently progressing.\n\n## Metlen's UK Project Record\n\nMetlen has been active in the UK for over a decade, with more than 90 renewable energy and storage projects delivered or progressing, according to akta.pro [company records](https://akta.pro/company-data). The same records list an ongoing collaboration with Elgin for the construction of three new photovoltaic parks in the UK with combined capacity of 112.5 MW in Staffordshire and Leicestershire, expected to power approximately 48,000 households annually.\n\nMetlen reported revenue of €7.107 billion for FY 2025, up 25% from €5.683 billion in 2024, driven by record performance in renewables and doubled revenue in Infrastructure and Concessions. EBITDA declined 30% to €753 million due to project execution-related losses in the M Power Projects sub-sector, including cost overruns and delays at the Protos project in the UK.\n\n## Metlen's Deals Before the Solar Sale\n\nOn November 2, 2026, Metlen signed a liquefied natural gas supply deal with Shell that will provide six LNG cargoes annually for five years starting in 2027, TradingView reported. The cargoes, about 0.6 billion cubic meters per year, will come from Shell's U.S. operations.\n\nOn October 21, 2026, Metlen said it plans to produce 50 tonnes of gallium, with commercial production starting in the third quarter of 2027, Investing.com reported. Gallium prices rose from below $500/kg to $3,500/kg, and the company has secured offtake deals for its output.\n\nOn October 7, 2026, Metlen said it is reviewing a potential Euronext Athens listing for its infrastructure unit METKA Group, which includes METKA ATE, M Concessions and Unison, Investing.com reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}