Clearvise has signed the purchase agreement with ClearPartners for a French ground-mounted photovoltaic system with an authorised capacity of more than 70MWp.
The parties have agreed not to disclose the sale price.
The solar project in western France has gone through the authorisation process and has a legally binding building permit.
Once completed, the solar park will produce more than 90GWh of electricity per year, which will be remunerated via a mix of state-guaranteed feed-in tariffs and PPAs.
Clearvise AG chief executive Petra Leue-Bahns said: “The signing of a purchase agreement for a further the co-development project represents a new milestone in our growth initiative.
“With ClearPartners, we have built up an innovative co-development and co-IPP model that focuses on fair, long-term cooperation with regional developers and offers added value to all partners.”
The regional development partner will hold a 30% stake in the project company as part of the ClearPartners cooperation.
Clearvise has a majority stake of 70% in the cooperation project.
The close integration of regional development partners is considered a ‘role model’ for long-term local value creation.