Switzerland-based gas and power trader MET Group has adjusted its green power strategy with a new focus on developing projects from scratch after observing intense competition and high prices for ready-to-build projects in mature markets like Germany, head of renewables development Christian Huerlimann told Platts, part of S&P Global Commodity Insights.
Traders have ramped up bookings at German natural gas storage sites, marking a sharp turnaround from earlier this year when the country exited winter with stockpiles at a three-year low and an unusual market structure made refills unprofitable.
MET Group is currently marketing a 200 MW portfolio of stand-alone battery projects in Germany, anticipated to achieve ready-to-build before the end of the year, CEO of Renewables Development Christian Hürlimann told NPM.
After years of crisis-mode thinking, the energy sector is shifting its focus and finally starting to address the challenges of the energy transition. For the CEO of MET Hungary, the shift is not only strategic but also personal.
“European industrial energy consumers’ gas contracts are almost entirely indexed to the Dutch TTF or other European gas exchanges, and continuing to stake their survival on a single benchmark would be a self-inflicted wound”, Gergely Szabó explained to Portfolio. The Regional Chairman of MET Central Europe argues that companies should index part of their gas procurement to the U.S. Henry Hub.
In 2007, a group of young Hungarians in their early twenties, taking advantage of changes in energy regulation, started the energy company MET. It has since grown into a global corporation with employees in 17 countries, generating revenues of €18 billion. Benjamin Lakatos, CEO of MET Group, gave a presentation on the lessons behind the success story to students of the Corvinus University.
4/2/2025
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