Germany’s JUWI has finalized the sale of a major 156 MW solar portfolio in Greece to Mirova, a French investment manager dedicated to sustainable finance. This significant transaction involves five large-scale photovoltaic projects in the Viotia region, marking a key milestone in Greece’s renewable energy expansion.
JUWI’s Strategic Greek solar portfolio Sale
JUWI, a German renewable energy specialist and a wholly-owned subsidiary of MVV Energie AG, has successfully sold a 156 MW solar portfolio to Mirova, an affiliate of Natixis Investment Managers. The portfolio is comprised of five solar photovoltaic (PV) projects situated in the sun-rich Viotia region of central Greece. These projects, which are among the country’s largest, represent a substantial boost to its green energy capacity.
The agreement covers one fully completed project and four others currently under construction. Critically, the deal extends beyond a simple sale. JUWI has also secured the Engineering, Procurement, and Construction (EPC) contracts, as well as long-term Operations and Maintenance (O&M) agreements. This ensures JUWI’s continued involvement in the projects’ execution and ongoing performance, leveraging their deep technical expertise. The complex nature of bringing such projects to life, from sourcing components to final assembly, is detailed in the basics of solar panel manufacturing.
A Landmark for Greece’s Solar Sector: The Greek solar portfolio
The portfolio includes solar farms with individual capacities ranging from 13.7 MW to 54.7 MW. The choice of Viotia as the location is strategic, capitalizing on the region’s excellent solar resources. For homeowners and tenants in Germany, accustomed to the importance of rooftop solar, these utility-scale projects in Greece are a crucial part of a larger European strategy. They generate vast amounts of clean electricity in optimal locations, which helps stabilize the continental grid and reduce reliance on fossil fuels for everyone.
This sale highlights a growing trend in Greece’s rapidly expanding renewable energy market. The nation is making significant investments in solar power to meet its carbon reduction targets. The entire solar panel manufacturing process, from sourcing solar panel raw materials to final installation, is being scaled up to meet this demand.
Mirova’s acquisition is a clear indicator of its strategy to bolster its renewable energy assets across Europe. By securing one of Greece’s premier solar portfolios, Mirova reinforces its commitment to financing the energy transition and strengthens its foothold in a high-growth market. The financial commitment required for such large-scale developments is immense, reflecting the significant solar panel manufacturing plant cost breakdown involved in building the necessary infrastructure.
Powering Greece’s Renewable Energy Goals with a Greek solar portfolio
Greece has set ambitious targets to increase the share of renewables in its energy mix. The government’s supportive policies and incentives are successfully attracting major international investors. The technology driving this transition relies on advanced solar panel manufacturing machines capable of producing high-efficiency modules at scale.
The JUWI-Mirova transaction is a powerful testament to the appeal of the Greek renewable energy sector. It demonstrates a collaborative, pan-European approach, with a German developer and a French investor partnering to advance Greece’s climate objectives. As more international capital flows into the country’s clean energy projects, Greece is firmly on track to not only meet its renewable targets but also to emerge as a key player in Europe’s sustainable energy future.
If you’re inspired by these large-scale projects and want to understand the technology behind them on a deeper level, consider exploring our free e-course to learn more about the world of solar energy.
