Clearvise Secures New PPAs Amid Rising Energy Prices

Clearvise AG, a renewable electricity producer, has announced new power purchase agreements (PPAs) for four wind farms. These agreements are made with Engelhart CTP Renewables GmbH and Erova Energy Limited, covering 40-100% of installed capacity. The PPAs are short-term, ranging from six to twelve months, allowing clearvise to benefit from current electricity price increases caused by geopolitical tensions in Europe.

The CEO, Bernhard Gierke, emphasized that these agreements provide planning certainty while maintaining the flexibility to adapt to market conditions. Clearvise aims to continue monitoring market trends and enter additional agreements to optimize its portfolio's risk-reward profile, ultimately increasing company value.