On 16 November 2022, MET Holding AG (MET Group), a Swiss based integrated European energy company, and Keppel Infrastructure Holding Pte Ltd (Keppel), a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company providing solutions for sustainable urbanization, announced that they have formed a Swiss joint venture company to pursue renewable energy opportunities in Western Europe. The joint venture serves as the next phase of the strategic partnership since 2020 between MET Group and Keppel and was seeded with an initial portfolio of 213 MW of early-stage solar projects in Italy from MET Group. The joint venture will invest in both greenfield and brownfield solar and onshore wind assets across Western Europe with a target to scale up rapidly to at least 1 GW of operating and ready-to-build renewable energy projects.
Bär & Karrer acted as legal advisor to MET Group in this transaction. The team was led by Vera Naegeli and included Matthias Tanner, Luca Tarzia, Florian Schweighofer and Andrin Schulthess (all M&A/Corporate) as well as Cyrill Diefenbacher, Adrian Rüegg and Anke Stumm (all Tax).