Clearvise has secured an auction contract for the first 30MW of its 71.5MW La Chatre agri-solar project in the Nouvelle-Aquitaine region of France. The purchase agreement for the project was signed in October 2024.
The successful award of the tariff supplement for the first 30MW marks the completion of all conditions necessary for the acquisition of the project. Clearvise is set to acquire a majority 70% stake in the La Chatre solar park, with the construction and operation to be carried out in partnership with LNF Energy and Organergy. The regional developers will retain a 30% stake in the project through a joint Independent Power Producer (IPP) company, as part of the clearPARTNERS cooperation.
This acquisition expands Clearvise's total portfolio to over 470MW. The electricity generated by the La Chatre project will be remunerated at a feed-in tariff rate of €78/MWh for 20 years, providing long-term financial stability for the project.
Petra Leue-Bahns, CEO of Clearvise, commented: “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 also praised the collaboration with the project's development partners: “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, emphasized the strength of the partnership, stating: “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.
The La Chatre solar park, located in the Haute-Vienne department of western France, has already received full regulatory approval. The project will benefit from a combination of state-guaranteed feed-in tariffs and power purchase agreements (PPA). Commissioning is expected by early 2029, following necessary grid expansion measures.
