Clearvise Takes Majority Stake in 70-MWp French Solar Project

• Clearvise AG secures a major win in France, capturing a 70% stake in a 70-MWp solar project poised to energize the future with over 90 GWh annually.

Clearvise AG, a German renewable energy producer, has secured a 70% stake in a planned 70-MWp solar project in western France, marking its largest co-development effort to date. The development will be executed in partnership with a regional developer that retains a 30% stake, following the company's clearPARTNERS cooperative model. The solar facility, located in the Nouvelle-Aquitaine region, has received all necessary building permits.

Once operational, the solar farm is expected to generate over 90 GWh of electricity annually, funded through a combination of state-guaranteed feed-in tariffs and power purchase agreements. Since 2023, Clearvise has successfully partnered on solar projects totaling over 200 MWp and is pursuing further opportunities to expand its renewable energy portfolio.

How will Clearvise AG's new solar project impact its renewable energy portfolio growth?

Impact of Clearvise AG's New Solar Project on its Renewable Energy Portfolio Growth

• Increased Capacity: The acquisition of a 70% stake in the 70-MWp solar project will significantly boost Clearvise AG's overall energy generation capacity, enhancing its ability to meet growing energy demands.
• Diversification of Energy Sources: This project contributes to diversifying Clearvise's energy portfolio. By integrating solar power into its operations, the company can decrease dependence on other forms of energy and minimize risks associated with market volatility in fossil fuels.
• Strengthening Strategic Partnerships: The co-development model with a regional developer exemplifies Clearvise's approach to fostering strategic relationships, which can lead to additional collaborative projects in the future, further enhancing its portfolio.
• Revenue Stability: With guaranteed feed-in tariffs and power purchase agreements in place, the solar project is likely to provide stable and predictable revenue streams, contributing to the company’s financial health and facilitating reinvestment in future renewable projects.
• Contribution to Sustainability Goals: This solar farm will contribute to local and international sustainability targets, positioning Clearvise AG as a key player in the transition to renewable energy and potentially opening doors for government incentives and funding opportunities.
• Market Positioning: By investing in significant projects like this solar facility, Clearvise AG aims to solidify its position in the renewable energy market, making it more attractive to investors and stakeholders focused on sustainable energy solutions.
• Job Creation and Economic Impact: The construction and operational phases of the solar farm are expected to create jobs and boost the local economy, enhancing Clearvise's reputation as a responsible corporate citizen.
• Experience and Expertise: This project will allow Clearvise to strengthen its expertise in solar technology and project management, potentially leading to improved efficiencies and reduced costs in future developments.
• Innovation and Technology Advancement: The involvement in this solar project signals a commitment to innovation, as Clearvise may explore new technologies or approaches to increase efficiency and sustainability, thus future-proofing its investments.
• Enhanced Visibility in Renewable Sector: Successfully executing such a large solar project will elevate Clearvise's profile within the renewable sector, likely attracting further investment and partnerships that could accelerate its portfolio growth.