RP Global has sold its 12MW Le Champvoisin wind farm project to German independent power producer Clearvise.
The deal follows the recent closing of the €24m project financing and includes a 20-year power purchase agreement from the French government, one of the last to be awarded.
Construction of the wind farm is nearing completion and commercial operation is set to start in August.
Le Champvoisin in Fomperron, in the Deux-Sevres region of France, is the first project for which RP Global offered a “crowdfunding campaign” on the French platform Lendosphere.
Through the issuance of these mini-bonds, residents of the communities adjacent to the wind park were offered the opportunity to actively invest and benefit from the project being installed in their vicinity.
Annual interest rates of between 6% and 7% were offered to residents, depending on their proximity to the wind park, and 247 private lenders participated in the campaign.
Clearvise operates a 158MW European portfolio which includes approximately 16 wind farms and two solar farms located in Germany, France, Ireland and Finland.
Clearvise chief financial officer Manuel Sieth said: “As part of our growth strategy, we focus on wind onshore as well as PV farms in Europe.
“The acquisition of Le Champvoisin wind farm fits perfectly with our targeted growth strategy and ideally complements our portfolio.
“At the same time, we expand our presence in the French market, which is highly attractive for our company. In this respect, we are very pleased to have RP Global as a leading renewable energy developer at our side.”
RP Global will continue to provide operation and maintenance services for the wind farm under a service agreement with Clearvise.
RP Global is developing a pipeline of over 1GW of wind and solar projects in France, which makes the country one of its most important markets.