FRANKFURT - clearvise (ETR:ABOG) AG, a renewable energy independent power producer, has signed a purchase agreement to acquire a majority stake in a photovoltaic project in the Nouvelle-Aquitaine region of France. The ground-mounted solar system is authorized to operate at over 70 megawatts peak (MWp), marking the largest co-development project in the company's history.
The project, which has completed the authorization process and secured a legally binding building permit, is expected to generate more than 90 gigawatt-hours (GWh) of electricity annually. The energy produced will be compensated through a combination of state-guaranteed feed-in tariffs and power purchase agreements.
In this joint venture, clearvise AG holds a 70 percent majority stake, while the regional development partner retains a 30 percent interest as part of the clearPARTNERS cooperation. This collaboration model is designed to ensure fair, long-term associations with regional developers and create added value for all involved parties.
Petra Leue-Bahns, CEO of clearvise AG, regards this acquisition as a significant milestone in the company's growth initiative. The company emphasizes the integration of regional development partners as a blueprint for sustained local value creation.
Manuel Sieth, CFO of clearvise AG, indicated that the company is exploring options to finance further growth, including the potential issuance of a bond. The clearPARTNERS cooperations have been instrumental in expanding clearvise's solar project portfolio, which now includes more than 200 MWp under contract since 2023. One of these projects, with a capacity of 36 MWp, is already under construction.
clearvise AG is committed to technological diversification, aiming to produce half of its electricity from wind and solar sources. The company is also engaging with potential partners in other countries to broaden its portfolio and is actively seeking additional opportunities.
The information in this article is based on a press release statement. clearvise AG's shares are listed and traded on various German stock exchanges and via XETRA.
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