Grupo Clavijo, MFV Solar Merges to Become World Leader in Photovoltaic Solar Trackers

“The merger with MFV Solar is a strategic step that strengthens our companies’ international standing in the structures and solar trackers sector.”

The Spanish companies Grupo Clavijo and MFV Solar, with the support of the Q-Growth Fund, have reached a merger agreement to form NCLAVE, aimed at becoming the world leader in the design, manufacture and installation of structures and trackers for the solar photovoltaic market.

NCLAVE now has more than 10 years of experience, during which it has installed over 2 GW in 40 countries; and it is scheduled to install 600 MW in the coming months. It currently has offices and production centres on all five continents.

Grupo Clavijo, with its headquarters in Viana (Navarra, Spain) is now one of the leaders in solar tracking system in Latin America, USA and in the MENA region and has production plants and offices in Chile, USA, Brazil and Australia. On the other hand MFV Solar, with its headquarters in Liria (Valencia), has a long and strong track record with installations in various countries including Europe, Latin America and Asian continents.

“Photovoltaic solar energy has reached the point where it can compete with conventional energy sources. This means that there will be strong global growth in the sector in the coming years. Our goal is to help create a global leader that is able to harness the growth opportunities existing in the sector”, said Borja Oyarzabal, a partner at Q-Growth.

Miguel Clavijo, CEO of Grupo Clavijo noted “the merger with MFV Solar is a strategic step that strengthens our companies’ international standing in the structures and solar trackers sector. Furthermore, with the support of Q-Growth, we are taking a major step towards making the most advanced solar tracking technology available to developers, EPC contractors and installers worldwide.”