Independent power producer Clearvise has acquired a majority stake in a 33MW ready-to-build ground-mounted solar park in the Nouvelle-Aquitaine region of France.
The project has been bought from developers LNF Solar Development GmbH and Frank Menschel.
The regional developers will remain involved in the facility through a clearPARTNERS cooperation.
The parties are pursuing the goal of constructing the solar park via a joint IPP company and operating it in the long term.
Permission for the project has already been granted and construction is scheduled to begin in 2023.
Due to the long delivery time for the transformer station, the grid connection is planned for the first half of 2024.
In addition, the developers have a development pipeline of approximately 100MW.
The parties have concluded a cooperation agreement and intend to implement projects approved from this in the same structure.Chief executive of Clearvise Petra Leue-Bahns said: “We are very pleased that with LNF Energy and Mr Menschel we were able to win the right partners for the implementation of our clearPARTNERS model.
“We have known each other for many years and have great respect for the competence and outstanding performance of our partners in project development.
“With this cooperation, we can successfully diversify the portfolio technologically towards solar photovoltaics in France as one of our most important core markets.
“At the same time, we have thus provided proof of concept that all three pillars of the 3-C acquisition strategy work in practice and ideally cover the needs of our target markets.
“With clearPARTNERS, we have developed an innovative co-development and co-IPP model that focuses on fair, long-term cooperation with smaller regional developers and therefore creates added value for all partners.
“With this cooperation, we have reached another milestone in our growth initiative clearSCALE 2025.”