Five projects in her field solar energy of 2.2 billion Canadian dollars has in its investment portfolio in Alberta, Canada, “Metlen Energy & Metals”, which are expected to produce a total of 2.1 terawatt hours of energy per year and will supply 2,000 homes, while their operation will also achieve a reduction in carbon dioxide emissions coal in the area.

These were pointed out from the stage of the Toronto Economic Forum held in Ontario the regional managing director -North America at Metlen Energy & Metals, Luis Laguna, adding that during construction they will “open” at least 1,500 new jobswhile with their operation, the staff that will be employed is estimated to exceed 1,500 people.

Saying that Canada is the ideal environment for the further development of “Metlen Energy & Metals” with a community that shares the Greek company’s commitment to sustainable energy, Mr. Lagoon he recalled that a few days ago the company launched its northern hub by opening an office in the city of Calgary, in the Canadian province of Alberta, and said however that “actually, our journey in Canada started last year with the acquisition of 1.4 Giga watt solar projects in Alberta, signaling our commitment to supporting local communities and industries with clean energy.”

In fact, he announced that two of the five aforementioned projects are on the starting line for their construction and in this context he expressed the group’s desire to explore new partnerships.

Referred to in the group sizes in the first 9 months of 2024 and compared to the corresponding period last year, Mr. Laguna stated that “our turnover reached 4.2 billion euros and EBITDA “ran” with a positive growth rate of 6%. He clarified that the energy sector accounts for 2/3 of Metlen Energy & Metals’ EBITDA, a fact that he pointed out “underlines our commitment to global expansion».

In addition, it reported that in the 9 months of this year, the net profits of the international industrial and energy company operating through the energy and metallurgy business sectors, also increased by 4% to 482 million euros, marking an increase of 4% compared to the corresponding period last year. and announced that the goal remains the inclusion of Metlen Energy & Metals in the London Stock Exchange and the FTSE 100.

For the Greek market, Mr. Laguna stated that Metlen Energy & Metals is the largest independent electricity producer with more than 2.3 gigawatts of both thermal and other renewable energy sources. He pointed out that Protergia serves more than half a million customers in Greece and holds almost 20% of the market.

On the expansion of activities in SE Europe, he said that “we want to expand the influence in the supply and trade of natural gas, thus demonstrating our ability to adapt a global know-how to the era of work”.

In his presentation, Mr. Laguna said that Metlen Energy & Metals integrates two powerful forces, energy and metals, sectors that are closely linked business-wise “because they are inseparable” and noted that “we are driven by the collective goal of addressing of some of the most pressing challenges we face today, energy security, affordability and the transition to a more sustainable energy mix.”

According to him, the company’s energy sector has been developed to help address the aforementioned critical challenges by adopting cutting-edge technologies such as artificial intelligence, which enables us to streamline an optimization of energy supply chains, ensuring that resources are located more efficiently and that our solutions are both effective and innovative”, he emphasized.

From solar parks to wind power, according to him, the company’s 10 gigawatts of renewable energy projects in various places and span five continents with the most recent investments in Australia, Chile and Canada.

For the long-term energy supply agreements between a producer of electricity through RES and a consumer or between a producer and an energy supplier who then resells the energy, the so-called PPAs, he stressed that they allow for mutually beneficial agreements to be drawn up between energy producers and high-intensity industries electricity that require significant amounts of electricity. This expertise, as he pointed out, “allows us to develop customized risk solutions that serve our partners by well balancing industrial demand with RES production and creating value for all parties involved.”

The importance of PPAS “should not be underestimated”, he said, adding that they provide financial stability for RES projects, given industries’ reliable access to green electricity and help bridge the gap between supply and demand. “At Metlen we are seeking these agreements to ensure a successful transition to renewable energy sources, enabling a sustainable and reliable energy future,” he said and added that “as contractors and investors in complex energy projects worldwide, Metlen Energy & Metals stands as a true partner in the energy transition by developing and investing in infrastructure from gas-fired thermal power plants to modernized grids, thus ensuring that energy systems are equipped for today’s demands.”

In this context he announced that the company had recently secured a £1 billion contract to build a connection in an area of ​​Scotland in the UK, designed to supply two million homes.

“Metlen Energy & Metals reinforces great durability and reliability, making us a reliable ally in providing reliable future-ready energy solutions,” he emphasized.

For him metals sectorMr. Laguna said that the company is the only one in the EU as the only integrated producer of bauxite, aluminum oxide, or alumina and aluminum, and this gives it “an unparalleled competitive advantage, allowing us to maintain high standards in production that contribute to our circular economy”, he noted. He even revealed that the company is looking ahead and focusing on other critical raw materials such as gallium, which appear to be essential for future technologies, solar panels and LED production, he said. “We are positioning ourselves to meet Europe’s growing demand for these materials, furthering our role as a critical partner in sustainable development,” he pointed out.

At the beginning of Mr. Laguna’s speech, a video of the company was shown, presenting its history, its activity and the goals that have been set.

The 3rd Toronto Economic Forum is organized in collaboration with SGT SA and Hellenic Initiative Canada. Important support is provided by the Embassy of Greece in Ottawa, the Office of Trade Commissions in Toronto, the Athens Chamber of Commerce and Industry, as well as the Hellenic Canadian Chamber based in Athens and the Hellenic Canadian Board of Trade in Toronto.

The purpose of the conference is to promote Greece-Canada business and investment relations, as well as policy, technology exchange and research, education and the climate crisis, including aspects such as – among others – Greece’s relations with the diaspora and philanthropy actions.