In early September 2026, METLEN Energy & Metals and Coca-Cola HBC Greece officially announced the signing of a landmark 10-year bilateral Power Purchase Agreement (PPA), reinforcing the industrial green energy transition across Southeast Europe.
Under the contract, Coca-Cola HBC Greece will offtake 100% of the electricity generated by a new, ground-mounted solar PV project located in Central Greece. The facility features an installed capacity of approximately 12 MW and is projected to deliver an estimated annual generation of 16.5 GWh of clean electricity. The addition of this green capacity directly underpins Coca-Cola HBC’s corporate roadmap toward achieving net-zero greenhouse gas emissions across its operations by 2040.
For METLEN, the partnership showcases its integrated utility model, which combines project development, construction, and commercial market balancing through its dedicated Aggregation and Representation Body (Fo.S.E.), active across Greece, Italy, and Romania.
Beyond the corporate decarbonization metrics, the transaction carries broader strategic weight:
- Maturity of Corporate PPAs: The deal demonstrates that corporate PPAs in Greece are transitioning into mainstream commercial reality for heavy industrial and commercial off-takers.
- Effective Price Hedging: Bilateral power contracts allow large-scale electricity consumers to insulate themselves against volatile Day-Ahead Market (DAM) price spikes and extreme intraday spreads.
- Merchant De-risking: For clean energy developers, bankable long-term PPAs provide revenue certainty, unlocking private capital without relying on state-backed support schemes or pure merchant market exposure.
The partnership highlights how long-term contractual structures can scale private clean-tech investment, offering a blueprint for industrial decarbonization across the wider Balkan region.
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