REG - Metlen Energy&Metals - Partnership between METLEN and Tsakos Group

Metlen Energy & MetalsAnnouncement

22/01/2026 11:30

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RNS Number : 9898P  Metlen Energy & Metals PLC  22 January 2026

PRESS RELEASE

Strategic Partnership between METLEN and Tsakos Group for One of Greece's
Largest Hybrid Power Generation Projects

Athens, Greece / London, United Kingdom - 22 January 2026 - METLEN
(http://www.metlengroup.com/) and the Tsakos Group
(https://www.tsakoshellas.gr/en) 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.

Under 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.

METLEN, 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.

Strategic 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.

 

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)

 

For more information about Tsakos Group please contact:

Mr. Ioannis Saroglou: Press Office TSAKOS GROUP Tel. 210-9480700 | Fax
210-9406061 | E-mail: ysaroglou@tsakoshellas.gr
(mailto:ysaroglou@tsakoshellas.gr)

 

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