Clearvise has been awarded an auction contract for the first 30MW of an agri-solar project in France it is developing with two partners .
The purchase agreement for the 71.5MW La Chatre project in Nouvelle-Aquitaine was signed in October 2024.
With the successful award of the tariff supplement for the first 30MW of Clearvise’s largest co-development project to date, all conditions for the completion of the acquisition have been met.
Clearvise is acquiring a majority 70% stake in the planned La Chatre solar park and will construct and operate it together with LNF Energy and Organergy.
The regional developers will retain a long-term 30% interest in the project through a joint IPP company as part of the clearPARTNERS cooperation.
This acquisition expands Clearvise’s portfolio to over 470MW.
Under the feed-in tariff, the electricity generated will be remunerated at €78/MWh over a period of 20 years.
Petra Leue-Bahns, CEO of Clearvise, said: “We are delighted to have reached this important milestone.
“The French feed-in tariffs, with their partial inflation and favorable regulation at times of negative electricity prices, will help to minimize risk in the clearvise portfolio in the long term.”
Leue-Bahns added: “The successful auction award impressively underscores the good cooperation with our development partners within the clearPARTNERS cooperation.
“‘La Chatre’ is already the second successful project from our joint clearPARTNERS cooperation.
“It is characterized above all by a very good, cooperative partnership that has made this success possible.”
Florian Junghans, managing director of LNF Energy, added: “With clearvise, we have gained a partner that understands the challenges of project development and contributes the necessary know-how and resources to construct and operate solar parks.
“It is great to see how the competencies of all three cooperation partners complement each other. It is important for us to support the projects together as shareholders of a co-IPP company in the long term.
“We have been successfully developing solar projects in France for many years.
“With our development concept, we are bridging the gap between the solar and agricultural industries, while helping to sustain agricultural activities.”
The planned solar park in the department of Haute-Vienne in western France has already received full approval.
The output is to be remunerated through a mix of state-guaranteed feed-in tariffs (FiT) and power purchase agreements (PPA).
Commissioning is expected by the beginning of 2029 due to grid expansion measures.