REG - Metlen Energy&Metals - METLEN Completes Renewables Transaction in Chile

Metlen Energy & MetalsAnnouncement

23/12/2025 07:00

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RNS Number : 6370M  Metlen Energy & Metals PLC  23 December 2025

PRESS RELEASE

METLEN Completes Landmark Renewables Transaction in Chile with Enhanced Terms

·    Significant Portfolio Scale: Four projects totalling 588 MW
operating solar capacity and 1,610 MWh constructed co-located BESS.

·    Transaction terms: Final consideration of USD 865 million.

·    Balance Sheet Deleverage: Completion strengthens METLEN's balance
sheet.

·    METLEN increases its total liquidity, while significantly
strengthening the company's balance sheet in view of ongoing industrial and
energy investments and potential M&A transactions

·    Robust and Proven Capabilities: Demonstrates solid execution of the
asset rotation program

Athens, Greece / London, United Kingdom - December 23, 2025 - METLEN Energy
& Metals (http://www.metlengroup.com/)  PLC  ("METLEN") is pleased to
announce the successful and timely completion of the financial closing of the
disposal of large segment of its Chilean portfolio, which includes four
projects with operational solar capacity of 588MW supported by constructed
co-located Battery Energy Storage Systems ("BESS") with capacity of
1,610 MWh.

This transaction with GAC RS Chile II SpA, a subsidiary of Glenfarne Group,
LLC ("Glenfarne"), signed in April 2025, forms part of the global Asset
Rotation Plan of METLEN. With the fulfilment of certain conditions, the total
consideration of USD 865 million reflects the value creation opportunities
emerging in the Chilean market along with our integral role towards the
operation of the projects in this growing hybrid (PV and co-located BESS)
asset class.

Mr. Evangelos Mytilineos, Chairman of METLEN Energy & Metals, with the
opportunity of this transaction, pointed that co-located Solar and BESS
project will pave the way forward in the company's Global Asset Rotation Plan.
With new projects developed on a hybrid basis but also through the
hybridization of existing solar projects METLEN's Energy Transition Platform
is uniquely positioned to capture this emerging and growing opportunity.

On the event of the completion Nikos Papapetrou, Chief Executive Director
Renewables & Energy Transition Platform said, "The completion of this
landmark transaction showcases our strong execution capabilities in the LATAM
region as well as METLEN's unique ability to offer an integrated value
proposition to the investor community under its Asset Rotation Plan. With
Chile being a frontrunner for long-duration BESS, we are leveraging our
knowledge across development, design, engineering and construction
capabilities to create long-term value in the rapidly changing global
renewable energy landscape".

 

Glenfarne is a long-standing trusted partner of METLEN, and this transaction
is a culmination of a growth journey, which we aspire to expand in further
areas of activities where we share common interests.

 

Glenfarne Chief Executive Officer and Founder Brendan Duval said, "With this
acquisition, Glenfarne is increasing the technology diversity of our
infrastructure by adding battery capacity and increasing geographic and
revenue diversification. METLEN has been a terrific partner throughout this
transaction and our common focus on energy security and sustainability create
opportunities for future cooperation in Glenfarne's businesses across the
Americas."

The completion of the transaction supports deleveraging and further enhances
METLEN's financial strength as of end 2025, with a payment in excess of USD
800 million.

This outcome highlights the consistent execution of METLEN's Asset Rotation
Plan, enabling value crystallization and deployment of capital in high-growth
opportunities across METLEN'S business segments.

 

 

Notes to editors:

Official photo material of METLEN and its activities can be found here
(https://www.metlengroup.com/photo-gallery?category=press-kit) .

 

For further information please contact:

Ms. Antigoni Fakou: METLEN Press Office, Tel. +30210-6877346 | Fax
+30210-6877400 | E-mail: Antigoni.fakou@metlengroup.com
(mailto:Antigoni.fakou@metlengroup.com)

 

About METLEN:

METLEN 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 solutions
through the implementation of thermal and renewable power generation projects,
electricity distribution and supply, as well as investments in network
infrastructure, battery storage and other green technologies. METLEN operates
across five continents and in more than 40 countries, employing over 9,000
people worldwide and applying a fully synergistic model across its metallurgy,
energy and end-to-end energy project development activities.

METLEN Financial Highlights

The Company has its primary listing on the London Stock Exchange and secondary
listed on the Athens Stock Exchange and is a constituent of the FTSE 100
Index. In 2024, METLEN reported consolidated revenue of €5.68 billion and
EBITDA of €1.08 billion, up 7% year-on-year, with net profit of €615
million. Adjusted net debt stood at €1.78 billion, with a Net Debt/EBITDA
ratio of 1.7x, reflecting strong financial resilience. METLEN is rated by
leading international sustainability and ESG agencies, holding the unique
Greek position in the Dow Jones Best-in-Class Emerging Market index, and
distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate
Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis,
Bloomberg and IdealRatings.

www.metlengroup.com (http://www.metlengroup.com/) | Facebook
(https://www.facebook.com/metlengroup) | X (https://x.com/MetlenSA) | YouTube
(https://www.youtube.com/@MetlenGroup) | LinkedIn
(https://www.linkedin.com/company/metlengroup)

 

 

 

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