JUWI, a wholly owned subsidiary of MVV Energie AG, has entered into an agreement with Mirova—an affiliate of Natixis Investment Managers focused on sustainable investing—to sell a 156-megawatt solar photovoltaic portfolio in Greece. With the successful completion of this M&A transaction, JUWI has also been appointed as the Engineering, Procurement, and Construction (EPC) contractor, as well as the long-term Operations and Maintenance (O&M) provider for the entire portfolio.
Construction is set to begin in November 2025. The portfolio, known as the Clover PV portfolio, reflects years of successful development work by JUWI Hellas and marks an important milestone in the company’s mission to advance large-scale renewable energy projects in Greece.
The Clover portfolio consists of four utility-scale solar projects located across the regional units of Kozani and Grevena in Northwest Greece. Together, these projects amount to 156 MW of installed capacity and represent a significant expansion of renewable energy infrastructure in the region. As the EPC contractor, JUWI Hellas will oversee the complete technical design, procurement of equipment, and construction activities for all the sites.
After the plants are commissioned, JUWI will also manage ongoing operations and maintenance to ensure maximum performance and long-term asset reliability. Once fully operational, the projects are expected to generate more than 300 million kilowatt-hours of clean electricity annually—enough to meet the energy needs of over 75,000 people. The portfolio will integrate 243,500 bifacial solar panels, more than 480 string inverters, and 9,100 single-axis trackers, installed over 257 hectares, an area comparable to more than 350 football fields.
The successful execution of this transaction highlights JUWI’s strategic strength as both a developer and executor of major renewable energy projects worldwide. The company continues to expand its international footprint through a balanced approach that combines in-house development with the acquisition of mature project rights.
This model has delivered several large-scale solar successes, including the 204 MW solar park in Kozani, the 267 MW solar portfolio in Domokos, and the 223 MW “Pike” solar project in Colorado, USA. According to Stephan Hansen, COO of the JUWI Group, the sale of the Clover portfolio reinforces the company’s position as a leading developer in key global markets and demonstrates its commitment to delivering technically advanced projects that advance the energy transition.
Takis Sarris, Managing Director of JUWI Hellas, emphasized that the company has completed M&A transactions exceeding half a billion euros over the past five years, establishing its reputation as Greece’s benchmark for utility-scale solar development and EPC excellence. He noted that the Clover transaction represents another important milestone in aligning strategic ambition with proven execution capabilities.
Helene Dimitracopoulos, Managing Director and Deputy Head of Energy Transition Infrastructure at Mirova, highlighted that investing in the Clover portfolio aligns with Mirova’s mission to support high-quality developers in delivering impactful renewable energy infrastructure while reinforcing their presence in Southern Europe. The transaction was completed with the legal guidance of Karatzas & Partners, whose expertise and support were acknowledged by JUWI Hellas for their professionalism throughout the process.
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