Hive Energy, a renewable energy project developer, has completed the sale of a 267 MW ‘Consortium’ portfolio comprising four individual solar power projects in Greece to JUWI Hellas, a renewable energy specialist.
The projects have been developed to ready-to-build status by Hive Energy, and construction by JUWI is scheduled to begin in the first quarter of 2024. Once operational, these projects will provide enough electricity to power around 100,000 homes each year.
Hive Energy recently completed solar photovoltaic project deals in Italy, Spain, and New Zealand, with an overall sold/completed capacity of more than 2,700 MW across seven countries.
Costas Caralis, Greek Country Manager at Hive Energy, commented, “I am incredibly pleased to complete this deal with JUWI Hellas. This is the largest project in our Greek portfolio, and we have spent the past two years developing Consortium to RTB (ready-to-build) status. Once operational, it will contribute substantially to the movement away from fossil fuels and Greece’s net-zero ambitions.”
Takis Sarris, Managing Director of JUWI Hellas, said, “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 to this effect. JUWI has supported Hive significantly during the past months as they advanced the projects to a ready-to-build status.”
According to Mercom’s 9M and Q3 2023 Solar Funding and M&A Report, in the first nine months (9M) of 2023, there were a total of 166 project acquisitions for 31.6 GW compared to 207 projects acquired for 52.1 GW in 9M 2022.
Atlas Renewable Energy, a solar and wind project developer, recently agreed to sell a 546 MW portfolio of operating solar assets to Engie Brasil Energia Complementares Participações, part of the Engie Group in Brazil. The operating portfolio includes solar power assets – Juazeiro, Sao Pedro, Sol do Futuro, Sertao Solar, and Lar do Sol, located across the states of Bahia, Ceara, and Minas Gerais. The transaction amounted to R$3.5 billion (~$640 million).