Business
Partnership between METLEN and Tsakos Group
Metlen Energy & Metals PLC has entered a strategic partnership with Tsakos Group to develop and operate one of Greece's largest hybrid power generation projects, a 251.9 MW photovoltaic park with a 375 MWh energy storage system in Central Greece. Metlen will hold a 40% stake in the joint venture, contributing to construction and commercial operations management, with project completion targeted for early 2028. This initiative strengthens Metlen's position in renewable energy and its role in Greece's energy transition. Disclaimer*
About this update from Metlen Energy & Metals Plc
[{"type":"text","content":"\n\nPRESS RELEASE\nStrategic Partnership between METLEN and Tsakos Group for One of Greece's Largest Hybrid Power Generation Projects\nAthens, Greece / London, United Kingdom - 22 January 2026 - METLEN and the Tsakos Group have signed a strategic partnership for the development, construction, operation (energy management), and commercial management of one of Greece's largest hybrid power generation projects.\nUnder the agreement, METLEN will participate in a joint venture (SPV) with the Tsakos Group (Tsakos Group 60% - METLEN 40%) to develop and operate a hybrid power plant from Renewable Energy Sources (RES) with integrated energy storage system consisting of a 251.9 MW photovoltaic park and an energy storage system with an expected capacity of 375 MWh, located in Central Greece. Implementation of the investment is expected to commence in 2026, with completion targeted for early 2028.\nMETLEN, through this investment, a) strengthens its strategic positioning in next-generation renewable energy by acquiring an equity stake, b) undertakes the construction, and c) integrates the management of the plant's commercial operations - a landmark project for Greece that combines large-scale energy generation and storage - into the company's Energy Management.\nStrategic partnerships, such as the one with the Tsakos Group, alongside METLEN's extensive international experience in delivering complex hybrid projects, strengthen the company's position at the forefront of Greece's energy transition and its role in shaping the Utility of tomorrow.\n \nNotes to editors:\nOfficial photo material of METLEN and its activities can be found here.\n \nFor further information please contact:\nMs. Antigoni Fakou: METLEN Press Office, Tel. +30210-6877346 | Fax +30210-6877400 | E-mail: [email protected]\n \nAbout METLEN:\nMETLEN Energy & Metals Plc (METLEN) is the parent company of the international industrial and energy group, a leader in the metallurgy and energy sectors, focused on sustainable growth and the circular economy. METLEN is a benchmark in competitive \"green\" metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production plant in the European Union, with privately owned port facilities. In the energy sector, the Company provides integrated s...