Juwi GmbH, a subsidiary of MVV Energie AG, has signed a major agreement with Foresight and Mirova for the sale of a 267 MW photovoltaic (PV) portfolio in Greece.
Juwi, as EPC (Engineering, Procurement, and Construction) and O&M (Operation and Maintenance) contractor, will be responsible for technical design, component procurement and construction.
Construction is scheduled to start in August 2024, with commissioning scheduled for the first quarter of 2026.
This sale is part of Juwi’s strategy of diversification and international growth, combining internal development with the acquisition of mature projects.
Recent examples include the 204 MW Kozani solar park in Greece and the 223 MW “Pike” solar park in Colorado, USA.
Stephan Hansen, Juwi’s COO, points out that this project becomes the largest in Juwi’s history, affirming their leading position in selected foreign markets.
Technology and Production Capacity
The portfolio sold, initially acquired from Hive Energy Ltd, comprises three project clusters located in the Fthiotida and Larissa regions.
The installations will use around 430,000 bifacial solar modules and over 800 string inverters.
Around 16,000 single-axis tracking systems will optimize production, generating around 515 million kilowatt-hours of electricity per year, equivalent to the needs of over 100,000 people.
These installations cover an area of 430 hectares, demonstrating the scale of the project.
Partner feedback
Takis Sarris, Managing Director of Juwi Hellas, expresses his satisfaction at the conclusion of this sale and the signing of the EPC and O&M contracts.
He is confident in Juwi’s ability to deliver state-of-the-art projects.
Diomidis Dorkofikis, Partner at Foresight, is delighted with this investment in Greece’s renewable energy sector, underlining the alignment with their vision to support sustainable and profitable energy infrastructure.
Helene Dimitracopoulos, Investment Director at Mirova, highlights the importance of this project for Greece’s energy transition.
She expresses her confidence in Juwi for its solid experience as a developer and EPC contractor.
This project marks a significant step towards a greener future in Greece.
Collaboration and Legal Expertise
For the transactions with Hive and Foresight-Mirova, Juwi Hellas is working with Karatzas & Partners, while Mirova and Foresight are supported by Zepos & Yannopoulos.
Takis Sarris thanks these firms for their commitment and hard work, underlining the importance of this collaboration to the success of the project.
This transaction illustrates the importance of international collaboration in the renewable energy sector.
The 267 MW Juwi project in Greece, supported by Foresight and Mirova, demonstrates how effective synergies and well-defined strategies can make a significant contribution to the global energy transition.
By combining technical expertise and development strategies, Juwi continues to position itself as a key player in the renewable energy market.
