MVV Energie’s juwi takeover closer as banks agree €300 million financing

Facebook
Twitter
LinkedIn
Reddit
Email

Juwi has secured a new €300 million (US$377 million) finance package, clearing a key hurdle for its proposed takeover by MVV Energie.

Juwi agreed the deal in October but the deal was dependent on the completion of the financial restructuring. The path is now cleared for utility MVV to take its 50.1% stake in the developer and will inject €99.4 million (US$124.7 million) of equity into the business.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Previous owners Fred Jung and Matthias Willenbacher will retain a 49.9% stake and remain as CEOs of the juwi group. MVV will appoint a chief financial officer.

“We are…linking renewable and conventional energies along the entire value chain. By offering an integrally connected, one-stop supply, we are laying a key foundation for the future energy system,” said Dr. Georg Müller, CEO, MVV Energie AG.

The company will look to step up activity in Germany as well as in “select markets” overseas.

Read Next

May 30, 2025
Spanish independent power producer (IPP) has unveiled two new solar-plus-storage projects, one in Central Chile and the other in Spain.
May 30, 2025
Swiss solar manufacturer Meyer Burger has abandoned module production activities at its manufacturing facility in Goodyear, Arizona, US.
May 30, 2025
Tasmania’s George Town council approved plans for a 288MW solar PV power plant this week, which is being pursued in Australia by German renewable energy developer ib vogt.
May 29, 2025
R.Power has sold a 49.9% stake in two of its special-purpose vehicles, which are developing a solar portfolio of 91.6MWp.
May 29, 2025
Singapore-based engineering firm Sembcorp has received a letter of award from Indian public sector power company SJVN for 150MW of solar power and a 300MWh battery energy storage system (BESS).
May 29, 2025
The German government is seeking 2.2GW of ground-mounted solar capacity in the most recent round of its public renewable energy tender scheme.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia