RP Global Sells its ‘Le Champvoisin’ Wind Farm to German IPP

Spanish renewable energy developer and investor RP Global has offloaded its 12 MW French wind farm project ‘Le Champvoisin’, to the German independent power producer (IPP) clearvise AG.

May 26, 2021. By Manu Tayal

Spanish renewable energy developer and investor RP Global has offloaded its 12 MW French wind farm project ‘Le Champvoisin’, to the German independent power producer (IPP) clearvise AG.

The deal follows the closing of the EUR 24 million project financing and includes a 20-year power purchase agreement (PPA) from the French government, one of the last to be awarded.

Furthermore, the construction of the wind farm has been near completion and the commercial operation is expected to start in the month of August. 

French Le Champvoisin wind farm has been the first project for which the Spanish renewable energy developer offered a ‘crowd funding 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, and an annual interest rates of between 6 and 7 percent were offered to residents, depending on their proximity to the wind park, and 247 private lenders participated in the campaign.

Currently, clearvise operates a 158 MW European portfolio including approx 16 wind farms and 2 solar farms located in Germany, France, Ireland and Finland, and aims to expand its renewable portfolio in Europe.

Commenting on the deal, Manuel Sieth, CFO of clearvise AG, 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.”

However, RP Global will continue to provide operation and maintenance services for the wind farm under a service agreement with clearvise.

“We are extremely pleased with this transaction, which demonstrates our commitment to delivering top-quality renewable projects for investors. Through the provision of O&M services we look forward to developing a fruitful, long-term partnership with clearvise, one of the most reputable investors in the industry,” said Jorge Rodriguez, CFO at RP Global.

Currently, RP Global is developing a pipeline of over 1 GW of wind and solar projects in France, which makes the country one of its most important markets. 

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