REG - Metlen Energy&Metals - METLEN & HRE Seal Landmark Solar Deal, South Korea

Metlen Energy & MetalsAnnouncement

23/10/2025 08:15

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RNS Number : 5576E  Metlen Energy & Metals PLC  23 October 2025

PRESS RELEASE

 

METLEN and HRE

Seal Landmark Solar Deal in South Korea

 

·    HRE acquires a 42 MW METLEN portfolio of solar projects in South
Korea

·    Landmark deal highlights METLEN's Global Asset Rotation Plan and
expansion in East Asia

·   Partnership paves the way for future large-scale solar, BESS, and
green-powered data center projects in South Korea

 

Athens, Greece / London, United Kingdom - October 23 2025 - METLEN
(https://www.metlengroup.com/) (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.

The 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.

This 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.

Beyond 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.

Sunwoong 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."

South Korea remains a strategic focus for METLEN's M Renewables segment, one
of the few European companies to have successfully established a strong
presence in the East Asian renewables sector. Since entering the Korean market
in 2022 with the construction of its first solar PV project in Yangpyung-gun,
METLEN has expanded its footprint through a pipeline of large-scale solar PVs.

Nikos Papapetrou, Executive Director of METLEN's M Renewables segment, stated:
"This agreement with HRE underscores METLEN's long-term commitment to the
South Korean market and the strength of our renewables platform in East Asia.
It reflects the trust we have built through the successful development of
high-quality solar projects and marks another step in expanding our presence
in one of the most dynamic energy markets in the region."

The Company also sees data centers powered by renewables as a critical part of
its growth strategy in South Korea, leveraging the country's strong digital
infrastructure ambitions.

 

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 or the Company) is the parent company
of a multinational industrial and energy group and a leader in metallurgy and
energy industries, focusing on sustainability and circular economy. The
Company is primary listed on the London Stock Exchange with a secondary
listing on the Athens Exchange, having a consolidated turnover and EBITDA of
€5.68 billion and €1.08 billion, respectively, (2024). METLEN's group is a
reference point for competitive green metallurgy at the European and global
level, whilst operating only vertically integrated bauxite, alumina and
primary aluminum production unit in the European Union (E.U.) with privately
owned port facilities. In the energy sector, METLEN's group offers
comprehensive solutions, covering thermal and renewable energy projects,
electricity distribution and trading, alongside investments in grid
infrastructure, battery storage, and other green technologies. The Company's
group is active in the markets of all five continents, in more than 40
countries, adopting a full-scale synergetic model between the Metallurgy and
Energy Sectors, while undertaking end-to-end development of major energy
infrastructure projects.

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

 

 

About HRE Co., Ltd. (South Korea):

HRE Co. Ltd. is one of South Korea's leading energy investment and development
companies, driving South Korea's renewable-energy transition. Founded with
investment from Brookfield Renewable Partners, the renewable arm of global
asset manager Brookfield, HRE has rapidly expanded its presence in domestic
and international markets. With a strong focus on solar and next-generation
clean-energy technologies, HRE combines deep project experience with
innovation to deliver high-quality, bankable renewable assets. Committed to
sustainability and long-term value creation, HRE continues to play a pivotal
role in advancing South Korea's clean-energy future and the global net-zero
agenda.

https://www.linkedin.com/company/hre-korea/?originalSubdomain=kr
(https://www.linkedin.com/company/hre-korea/?originalSubdomain=kr)

 

 

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