The Chairman of the Board of Management of MVV, Dr. Georg Müller, today announced that MVV would increase its stake in juwi AG to 100 percent over the next few weeks. This has been agreed with the present co-shareholder Frema GmbH & Co. KG.
Dr. Müller, explained the reasons for this step at the annual press conference as follows: "The development of renewable energy projects is not only a strategic cornerstone of the MVV Group but also a growing sector of the economy. Without the effective, rapid expansion of renewable energies, there can be no energy transition; without professional project development, there can be no renewable energies. This is why we intend to strengthen our own position in this field and to increase our stake in juwi to 100 percent over the next few weeks."
The Chairman of the juwi Executive Board, Michael Class, welcomed the clear commitment of the MVV Group to renewable energies and to the juwi Group: "In MVV Energie AG, we have had a strong partner and a reliable parent company for about four years. MVV will strengthen our global position in the field of project development, EPC and operation both in Germany and internationally. Together with MVV, we can be proud of the fact that we are not only part of the combination of classical and renewable energy supplies but are also a pioneer in this process."