EQS-News

clearvise AG acquires Wolfsgarten solar park with 42 MWp installed capacity

EQS-News: clearvise AG / Key word(s): Contract clearvise AG acquires Wolfsgarten solar park with 42 MWp installed capacity 27.05.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. clearvise AG acquires Wolfsgarten solar park with 42 MWp installed capacity

• Expansion of the total operating portfolio to 316 MW total output
• Commissioning has already taken place, meaning earnings contribution as early as 2024
• Successful realisation of another PPA project

Frankfurt, 27 May 2024 – clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an independent power producer from renewable energies with a diversified European portfolio of wind and PV plants, announces the acquisition of the Wolfsgarten solar park from ALTUS renewables GmbH (ALTUS). With this acquisition, clearvise AG successfully expands its operational generation portfolio to 316 MW of installed capacity and consistently pursues its declared goal of balanced electricity production, half from wind and half from solar energy.

The 42.7 MWp Wolfsgarten solar park was planned and built by the Karlsruhe-based developer ALTUS and commissioned at the end of April 2024. The electricity generated is marketed via a PPA (Power Purchase Agreement). After the 12.5 MWp Alsweiler II solar park, which was also developed by ALTUS, this makes the Wolfsgarten solar park the second project in clearvise's operational generation portfolio that can be operated successfully without tariff subsidies via private power purchase agreements. At the end of March, clearvise had already announced the successful signing of a further PPA for a French solar park project under construction.

Petra Leue-Bahns, CEO of clearvise AG, explains: “Good things come to those who wait. A complex, large-scale project like Wolfsgarten shows that we are right to trust in the development expertise of ALTUS. We would like to thank our long-standing partner for their excellent cooperation and tireless commitment. As a result, the park was able to go into operation on schedule before the high irradiation summer months.”