Monaco Energies Renouvelables (M.E.R.)
Monaco Energies Renouvelables makes its first investment in solar power
Monaco Energies Renouvelables announces the acquisition of 8 photovoltaic parks with a total production capacity of 39 MWc.
Formed in December 2017, M.E.R is jointly owned by the State of Monaco and the Société Monégasque de l’Electricité et du Gaz (SMEG), the Principality’s gas and electricity supplier.
The objective of M.E.R. is for Monaco to become one of the first countries to have a 100% green electricity production capacity equivalent to its domestic consumption.
This acquisition represents an initial step in the development of M.E.R., which aims to cover electricity consumption in the Principality by the production of renewable energy.