Ib Vogt Powers the Future with 110MWp Solar Project Sale in Spain
International solar leader Ib Vogt has finalized the sale of a groundbreaking 110MWp solar project in Segovia, Spain, to NextPower V ESG, a fund managed by NextEnergy Capital. The project, known as the Pato Solar Farm, began construction in March 2024 and is on track to reach commercial operation by the first quarter of 2025. Once fully operational, the solar farm will generate an impressive 215.6GWh of clean energy annually, enough to power over 55,000 homes and cut carbon emissions by around 47,450 tonnes per year. That’s equivalent to eliminating the use of 15,000 tonnes of oil annually!
To ensure maximum sustainability, the site is equipped with bifacial tracking solar panels, boosting energy efficiency throughout its lifecycle. In addition, Ib Vogt and NextEnergy Capital will collaborate to enhance the project with a battery energy storage system in the coming years. The Pato Solar Farm isn’t just about clean energy—it’s about preserving nature, too! The site includes newly created ponds to support wildlife like amphibians, nest boxes for owls, and native plants to promote biodiversity. Ib Vogt CEO Anton Milner expressed pride in the project’s contribution to Spain’s energy transition, saying, “This project not only advances sustainability goals but also brings significant economic benefits through clean energy generation.” With a strong focus on quality and sustainability, the Pato project exemplifies a low-risk, high-potential investment. NextEnergy Capital’s managing director, Antonio Salvati, highlighted the project’s importance, noting, “Spain offers one of the highest levels of solar irradiation in Europe, making it a prime target for further investments.” This marks NextPower V ESG’s second major acquisition in Spain, with more opportunities on the horizon.
The Pato Solar Farm is part of Ib Vogt’s broader portfolio in Segovia, contributing to 513MWp of solar capacity, advancing Spain’s ambitious goal of achieving 100% renewable energy by 2050. Ib Vogt will handle all aspects of the project, including engineering, procurement, construction, and post-completion operations and asset management. With the support of Augusta & Co as financial advisors and Herbert Smith Freehills and Watson Farley Williams providing legal expertise, the project sets the stage for a greener future. #CleanEnergy #SolarPower #RenewableEnergy #GreenTransition #Sustainability #SpainSolar #EnergyStorage #NetZero #CarbonNeutral #IbVogt #NextEnergyCapital #FutureOfEnergy