Schoenherr has advised Switzerland-based MET Group subsidiary Oberon Solar Park on its acquisition of 52 hectares of land in Kaba, eastern Hungary. Sole practitioner Zsolt Gaal reportedly advised an undisclosed agricultural entrepreneur on the sale.
The MET Group is a Swiss-based energy company with activities in the European natural gas, power, and oil markets. By way of its subsidiaries, the MET Group is present in 15 countries, 26 national gas markets, and 22 international trading hubs.
According to Schoenherr, the transaction was performed as a share deal and will enable the MET Group to construct the Kaba2 project. For reference, the Kaba1 project was constructed in 2021 and has been operating since with a capacity of 43 megawatts (AC). The MET Group has announced that a new 21-megawatt (AC) capacity solar park will be developed using AI tools, with work having already begun.
The Schoenherr team was led by Partner Laszlo Krupl and included Attorneys Gergely Horvath and Adrian Menczelesz and Associate Viktoria Magyar.