clearvise AG has signed new power purchase agreements for five wind and solar farms in Germany and Ireland.
The company said the PPAs cover the German solar parks Klettwitz Nord (90MW), Alsweiler (10MW), Lohne (8.6MW) and Triticum (16.8MW), as well as the Irish wind farm Glenough (35MW).
clearvise added that the agreements run for nine to 12 months and reflect an attractive market environment for power contracts.
The company said the PPAs will generate more than €0.7m in additional earnings compared to previous budget assumptions.
It noted that the agreements increase the stability of future cash flows and support its long-term dividend strategy.
“The recent contract signings demonstrate that we are able to capitalize on market opportunities quickly and effectively while simultaneously increasing the stability of our revenue,” said Bernhard Gierke, chief executive of clearvise AG.
“This ensures predictable cash flows and allows us to share the benefits of rising electricity prices with our shareholders.”