juwi, a subsidiary of MVV Energie, has completed the sale of a 267MW photovoltaic (PV) portfolio in Greece to investment firms Foresight and Mirova.

Financial details of the deal have not been disclosed.

Juwi has been designated as both the engineering, procurement and construction and the operations and maintenance contractor for the project.

Construction is scheduled to begin in August 2024, with commissioning anticipated in the first quarter of 2026.

Juwi Group chief operating officer Stephan Hansen said: “With the combined capacity of 267MW, this portfolio will be the largest in our history, re-inforcing our position as a leading project development company in international markets.”

The portfolio, which Juwi Hellas acquired from Hive Energy in November 2023, comprises three clusters with capacities of 160MW, 40MW and 67MW.

Situated in the Fthiotida and Larissa regional units of Central Greece, the projects cover 430 hectares - equivalent to 600 football fields - 300km north of Athens.

Juwi will also manage the technical design, procurement and construction phases of the solar projects.

The PV systems will be equipped with 430,000 bifacial solar modules, 800 string inverters and 16,000 single-axis tracker systems.

The installations will generate 515 million kilowatt-hours (kWh) of clean electricity annually.

This output is projected to meet the energy needs of 100,000 residents in Greece.

Juwi Hellas managing director Takis Sarris said: “We are confident that we will deliver state-of-the-art projects as always.”

Foresight partner Diomidis Dorkofikis highlighted the investment’s alignment with their sustainable energy goals, while Mirova investment director Helene Dimitracopoulos commended the project’s contribution to Greece’s energy transition.

Karatzas & Partners provided legal support for Juwi Hellas in the transaction, while Zepos & Yannopoulos represented Foresight and Mirova.