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METLEN & HRE Seal Landmark Solar Deal, South Korea
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. Disclaimer*
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[{"type":"text","content":"\n\nPRESS RELEASE\n \nMETLEN and HRE\nSeal Landmark Solar Deal in South Korea\n \n· HRE acquires a 42 MW METLEN portfolio of solar projects in South Korea\n· Landmark deal highlights METLEN's Global Asset Rotation Plan and expansion in East Asia\n· Partnership paves the way for future large-scale solar, BESS, and green-powered data center projects in South Korea\n \nAthens, Greece / London, United Kingdom - October 23 2025 - METLEN (RIC: MTLN.L, Bloomberg: MTLN.LN, MTLN.GA, ADR: MYTHY US) and Korean energy investment and development company HRE Co. Ltd. (\"HRE\"), announce the signing of a landmark agreement under which HRE will acquire a diversified portfolio of solar projects in South Korea with a total installed capacity of 42 MW, the phase 1 of the renewable energy portfolio built by METLEN.\nThe transaction includes five operational and under-development solar projects, which combined will generate more than 60 GWh of clean electricity annually - enough to power over 12,000 Korean households. The operational projects have secured long-term PPA contracts with leading Korean conglomerates, reinforcing their strategic and commercial value.\nThis agreement marks another milestone in METLEN's Global Asset Rotation Plan, underlining the Company's ability to execute highly complex transactions. The transaction also contributes to the further strengthening of overall liquidity, supporting its strategic flexibility as it continues to scale its international operations.\nBeyond this transaction, METLEN and HRE are exploring a broader strategic partnership for METLEN's South Korean project pipeline, which includes large-scale solar, BESS, and green-powered data centers.\nSunwoong Kim, the Representative Executive Officer of HRE Co. Ltd. commented on the agreement: \"We are proud to partner with METLEN on this landmark transaction, which reflects our shared commitment to accelerating South Korea's clean energy transition. The acquisition of this 42 MW portfolio strengthens HRE's position as a leading renewable-energy developer and marks the beginning of a long-term collaboration with METLEN. Together, we aim to expand into large-scale solar and battery storage projects that will shape the region's sustainable energy future.\"\nSouth Korea remains a strategic focus for METLE...