Clearvise AG has signed a purchase agreement for a majority stake in a French photovoltaic project with a capacity of over 70 MWp, marking its largest co-development project to date. This acquisition strengthens Clearvise AG’s focus on solar energy and reinforces its commitment to sustainable growth.
A Key Step for Clearvise AG
Clearvise AG — a key player in renewable energy — continues to expand its portfolio by signing a purchase agreement for a majority stake in a French photovoltaic project. With an approved capacity exceeding 70 MWp, this marks the largest co-development project in the company's history. This move strengthens Clearvise's strategic focus on solar energy and its commitment to sustainable growth.
On October 16, 2024, Clearvise AG announced the purchase agreement for a ground-mounted photovoltaic system in the Nouvelle-Aquitaine region of France. The project — which has already secured authorization and a legally binding building permit — is set to become a vital part of the company's growing solar energy portfolio. The photovoltaic park will produce more than 90 GWh of electricity per year upon completion.
The deal was made through Clearvise's unique co-development model known as clearPARTNERS. The company’s clearPARTNERS initiative fosters collaboration with regional developers to deliver long-term value for all parties involved. As part of this model, Clearvise will hold a 70 percent stake in the project, while the regional development partner will retain 30 percent.
Project Highlights and Benefits
The solar park will generate clean and renewable energy while contributing to local and global sustainability goals. The electricity produced will be sold through a combination of state-backed feed-in tariffs (FiT) and power purchase agreements (PPA), thereby ensuring a stable revenue stream for the project.
By generating 90 GWh annually, this photovoltaic project will contribute significantly to reducing carbon emissions and boosting the renewable energy supply in France. The involvement of regional partners makes this project a role model for value creation at the local level.
Petra Leue-Bahns, CEO of Clearvise AG, emphasizes the importance of this partnership, stating that this milestone aligns perfectly with the company’s vision of growth and sustainability.
Clearvise AG has steadily built a strong pipeline of solar projects under the clearPARTNERS initiative. Since 2023, the company has secured contracts for over 200 MWp of solar capacity. The company's strategic goal is to balance its electricity generation, producing half from wind and half from solar.
The company’s CFO, Manuel Sieth, also hinted at upcoming plans for growth financing, including the possibility of issuing a bond. This would allow the company to maintain a strong liquidity position and support the development of its growing solar portfolio.
Clearvise’s Expanding Portfolio
In addition to the newly acquired French project, Clearvise AG has other notable projects in the pipeline. One such project is the Chassiecq solar park, also located in the Nouvelle-Aquitaine region.
With a capacity of 36.4 MWp, this project is expected to become operational by the second half of 2024. It will produce more than 47 GWh of electricity annually, making it another important asset in Clearvise’s growing portfolio.
Clearvise recently signed a long-term electricity supply agreement with Tokai COBEX Group, a Japanese manufacturer. Under this agreement, the Chassiecq solar park will supply electricity to two of Tokai COBEX's factories in France for 11 years. This partnership is a significant step for Clearvise, representing its first corporate PPA and highlighting the company’s ability to meet the energy needs of industrial clients.
Clearvise AG’s acquisition of the French photovoltaic project demonstrates the company’s ongoing commitment to renewable energy. With a strong pipeline of projects and innovative financing options, Clearvise is well-positioned to continue its growth in the renewable energy market. The future looks bright as the company pursues new opportunities to expand its solar and wind energy production across Europe.