RP Global sells 12-MW French under-construction wind farm to Clearvise

Independent power producer RP Global said today it has offloaded its 12-MW Le Champvoisin wind farm project in France to German sector player Clearvise AG.

Financial details about the deal were kept under wraps.

The divestment follows the recent closing of EUR 24 million (USD 29.4m) in debt funding from a consortium of French lenders and the award of a 20-year power purchase agreement (PPA) under France's DCCR E17 scheme. Part of the project financing was also obtained in a local crowdfunding campaign, through the issuance of mini bonds with annual interest rates of between 6% and 7%.

Currently being installed in the Fomperron community in the Deux-Sevres department, the wind farm will be equipped with four Nordex N117/300 turbines. The construction process is nearing completion and the 3-MW machines are planned to be switched on in August.

RP Global will operate and maintain the wind farm under a service contract with Clearvise.

“The acquisition of “Le Champvoisin” wind farm fits perfectly with our targeted growth strategy and ideally complements our portfolio,” said Manuel Sieth, CFO of Clearvise, adding that the French market is “highly attractive” for the company. At present, the German firm operates 158 MW of wind and solar parks in Germany, France, Ireland and Finland.

(EUR 1.0 = USD 1.226)

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