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.

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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."

ALTUS and clearvise signed the purchase agreements for the two solar parks
Wolfsgarten and Heiligenfelde back in 2021 as part of a portfolio of PV
projects in different stages of development. Due to the significant change
in the market environment in the meantime, supplements had become necessary.
Together with ALTUS, clearvise has agreed to take over Wolfsgarten. ALTUS,
whose shareholder is Stadtwerke Mainz-Wiesbaden, will initially keep the
smaller Heiligenfelde project with an installed capacity of 10 MW in its own
operations.

Marco Eggensperger, Managing Director of ALTUS renewables GmbH, adds: "With
the Wolfsgarten solar park, we have successfully demonstrated that our
experienced team can successfully realise larger projects even in a
difficult market environment. We are pleased that we will continue to be
responsible for the long-term management of the Wolfsgarten solar park after
the sale and thus further expand our cooperation with clearvise."

About clearvise
clearvise AG is an independent producer from renewable energies with a
diversified European investment portfolio of onshore wind and solar parks.

Based on a three-pillar acquisition strategy, the company is focusing on
profitably expanding its portfolio and creates added value for all
stakeholders with the individual clearSWITCH, clearPARTNERS and clearVALUE
models. The shares of clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4) have
been listed on the stock exchange since 2011 and are currently traded on the
open market of various German stock exchanges and via XETRA (
www.clearvise.com).

About ALTUS
Since 2008, ALTUS has been supporting wind energy and photovoltaic plants
from planning to operation as an experienced project developer. As a
subsidiary of Kraftwerke Mainz-Wiesbaden AG, ALTUS has a powerful network
with a wealth of experience that covers the entire range of renewable energy
supply - from individual wind turbines to gas-fired power plants with
combined heat and power. In 2023, ALTUS AG was renamed ALTUS renewables GmbH
( www.altus-re.de).

Contact

Company contact Media contact

     clearvise AG                            Kirchhoff Consult GmbH
     Andreas Riedel                          Jan Hutterer
     Phone: +49 (0)160 - 6938984             Phone: +49 40 60 91 86 65
     E-mail: andreas.riedel@clearvise.com    E-mail: clearvise@kirchhoff.de

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27.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        clearvise AG
                   Eschenheimer Anlage 1
                   60316 Frankfurt / Main
                   Germany
   Phone:          +49 (0) 69 247439232
   E-mail:         info@clearvise.com
   Internet:       www.clearvise.com
   ISIN:           DE000A1EWXA4
   WKN:            A1EWXA
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Munich, Stuttgart
   EQS News ID:    1910963

End of News EQS News Service
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1910963 27.05.2024 CET/CEST