Renewable energy developer Hive Energy has executed a significant agreement, finalizing the sale of four solar projects, boasting a collective capacity of 267MW, to German solar developer Juwi. Situated in Central Greece, these ventures were acquired by Juwi's Greek subsidiary, Juwi Hellas, and had reached the ready-to-build stage under the diligent development efforts of Hive Energy.
The construction phase for these projects is slated to commence in the first quarter of 2024. Nevertheless, the precise operational date for these solar projects has not been disclosed as of yet.
Takis Sarris, Managing Director of JUWI Hellas, expressed his gratitude for Hive Energy's endeavors, stating, “This portfolio is one of the few in Greece at this stage of maturity, and we greatly appreciate the efforts and the development work that has been carried out by Hive Energy to this effect. Juwi has supported Hive significantly during the past months as they advanced the projects to a ready-to-build status.”
Hive Energy has been actively engaged in sealing solar project deals in multiple countries, including Italy, Spain, and New Zealand, amassing a total completed capacity exceeding 2,700MW across seven nations. Notably, in July, the company divested 200MW worth of Italian agrivPV projects to GreenIT, a renewable energy collaboration between Italian energy provider Plenitude and investor CDP Equity.
Greece, joining the ranks of Spain, Germany, Poland, the Netherlands, and France, achieved gigawatt-scale status in solar capacity expansion last year. In 2022 alone, Greece added a substantial 1.34GW of solar capacity, resulting in a cumulative total of 5.5GW. A market outlook report by the trade body SolarPower Europe, which featured various European countries, offered insights into Greece's potential solar growth. According to the Greek trade association Hellenic Association of Photovoltaics Companies (HELAPCO), the nation is expected to reach a cumulative solar capacity ranging from 13.6GW to 16.3GW by the year 2030.