Less than a month after listing its shares in London, which was its primary aim, Greece’s Metlen Energy and Metals Plc is on the verge of gaining a place in the UK’s blue-chip stocks benchmark. According to a review by index compiler FTSE Russell, the renewable energy, natural gas and aluminium production giant will be added to the FTSE 100 Index, possibly taking the place of housebuilder Taylor Wimpey.
Athens-listed Metlen Energy & Metals announced on Friday it has successfully secured €16.6 million in project financing for the development of the Bicinicco solar park, a 20.75 MWp large-scale photovoltaic project located in the Friuli Venezia Giulia region of northern Italy, with completion expected in 2026.
Once operational, the project is expected to generate approximately 30 GWh of clean electricity annually, covering the energy needs of more than 15,000 households and avoiding around 7,000 tons of CO2 emissions per year.
The transaction marks another important milestone in Metlen’s growing footprint in Italy and supports the group’s broader strategy to deploy more than 1.5 GW of solar capacity and some 0.3 GW of battery energy storage systems, strengthening its position among the leading independent power producers in Southern Europe.
The financing was secured through Piraeus Bank, further reinforcing Metlen’s long-term commitment to the Italian market and its energy transition.