Metlen Shares Rise 2.5% on 10-Year Green Energy Deal with Coca-Cola Tria Epsilon

Metlen Energy & Metals (ATH:METLEN) shares climbed 2.5% on Thursday after the Greek energy and metals group announced a strategic 10-year Power Purchase Agreement with Coca-Cola Tria Epsilon. Under the deal, Coca-Cola Tria Epsilon will buy 100% of the output from an approximately 12 MW photovoltaic plant in Mikro Perivolaki, Velestino, Magnesia Prefecture, expected to generate about 16.5 GWh of electricity annually.

Metlen Secures 10-Year Green PPA with Coca-Cola as Global Renewables Portfolio Tops 12 GW

The agreement supplies green electricity to support Coca-Cola Tria Epsilon’s renewable energy needs in Greece. The plant forms part of Metlen’s domestic renewable portfolio of roughly 0.5 GW. Globally, Metlen has completed or is executing projects totaling 11.4 GW across five continents, while its Renewable Energy Aggregator manages more than 3.2 GW of installed capacity in Greece, Italy, and Romania.

Coca-Cola Tria Epsilon already sources 100% of electricity for its production facilities from renewable sources. The deal aligns with parent company Coca-Cola HBC’s commitment to achieve net-zero carbon emissions across its value chain by 2040. Corporate PPAs remain a core element of Metlen’s strategy to deliver tailored energy solutions to industrial and commercial customers.

Metlen’s broader renewables platform (M RESET) reported a global portfolio exceeding 12 GW as of mid-2026, with 1.2 GW operational, 1.0 GW under construction, and significant capacity in advanced and early-stage development. First-half 2026 renewable electricity generation reached 0.9 TWh, up 3% year-on-year.

Metlen Shares Climb 2.5% as Investors Back Growing Corporate PPA Pipeline

Investors welcomed the long-term offtake agreement as evidence of Metlen’s ability to secure stable revenue streams from industrial clients amid Greece’s ongoing energy transition. The 2.5% share price gain reflects confidence in the company’s growing corporate PPA pipeline and its dual focus on renewables and metals. Similar recent PPAs, including a 10-year 235 MW solar deal with ENGIE in the UK and a 15-year nighttime supply agreement in Chile, have reinforced Metlen’s positioning in the European and global clean-energy markets.

Metlen Builds Renewables Edge as Coca-Cola HBC Pushes Toward 2040 Net-Zero Goal

Metlen (formerly Mytilineos) has expanded rapidly in renewables through an asset-rotation model, third-party EPC contracts, and hybrid solar-plus-storage projects. In Greece it maintains a solid operational base while developing battery storage assets, including large-scale BESS projects. Coca-Cola HBC, one of the world’s largest Coca-Cola bottlers, has set science-based targets to cut absolute Scope 1 and 2 emissions by 46.2% by 2030 and reach net zero by 2040, with intermediate goals of 100% renewable electricity in the EU and Switzerland by 2035.

Corporate PPAs have become increasingly important in Europe as industrial users seek price certainty and decarbonization pathways. Metlen’s Greek portfolio of about 0.5 GW and its aggregator platform exceeding 3.2 GW position it well to serve such demand.

Metlen Eyes Further Industrial PPAs as Coca-Cola Advances Net-Zero Roadmap

The Mikro Perivolaki plant is expected to contribute to Metlen’s domestic generation and support Coca-Cola Tria Epsilon’s ongoing renewable sourcing. Metlen continues to advance its global pipeline, including hybrid projects and storage capacity, while pursuing further industrial PPAs. Coca-Cola HBC will keep reporting progress against its NetZeroby40 roadmap, with a focus on renewable electricity expansion across its operations.