Juwi has agreed to sell a 156-megawatt solar photovoltaic portfolio in Greece to French investment firm Mirova, the developer said, adding that the transaction covers the Clover PV portfolio and includes engineering, procurement and construction (EPC) as well as operations and maintenance (O&M) contracts for all four projects.
The plants, located in the regional units of Kozani and Grevena, will have a combined capacity of 156 MW and are expected to generate more than 300 million kilowatt hours of electricity annually, enough to supply more than 75,000 people, according to Juwi. Construction is scheduled to begin in November 2025.
The portfolio will use 243,500 bifacial modules, over 480 string inverters and 9,100 single-axis trackers across an area of 257 hectares.
Juwi said the agreement underscores the strength of its diversified development strategy, citing earlier large-scale projects including the 204 MW Kozani solar park, the 267 MW Domokos portfolio and the 223 MW Pike project in Colorado.
Stephan Hansen, Juwi Group’s chief operating officer, said the sale builds on last year’s record deal. “Following last year’s landmark sale of the Hive solar portfolio, the largest in our history, the successful closing of the Clover portfolio further reinforces our position as a leading developer in selected international markets,” he said. He added: “We are proud to deliver projects that not only meet the highest technical standards but also contribute meaningfully to the energy transition.”
Takis Sarris, managing director of Juwi Hellas, said the company has become a reference point for utility-scale solar development in the country. “Over the past five years, Juwi Hellas has successfully completed M&A transactions exceeding half a billion euros and has established itself as Greece’s benchmark for utility-scale solar development and EPC execution,” he said. “The sale of the Clover portfolio to Mirova, along with the signing of the EPC and O&M contracts, marks another important milestone in our journey.”
Mirova said the acquisition aligns with its investment approach. “This transaction perfectly illustrates our ambition with the investment strategy: to support high-quality developers in delivering large-scale, high-impact sustainable energy infrastructure,” said Helene Dimitracopoulos, managing director and deputy head of energy transition infrastructure. “By investing in the Clover portfolio, we are strengthening our presence in Southern Europe and making a concrete contribution to Greece’s energy transition, while targeting top-tier environmental and technical performance.”
Juwi said it worked with Karatzas & Partners to complete the transaction.
