German solar developer Ib Vogt has completed the sale of its 110 megawatt-peak (MWp) Pato solar project in Segovia, Spain, to NextPower V ESG, a renewable energy infrastructure fund managed by UK-based NextEnergy Capital.
The solar farm is fully operational and is expected to generate around 215 gigawatt hours (GWh) of electricity annually—enough to supply more than 55,000 households and avoid over 47,000 tonnes of carbon dioxide emissions each year.
“We’re proud to celebrate the successful sale of the Pato project to our partners at NextPower V ESG,” said Andreas Schell, chief executive of Ib Vogt. “Solar energy is one of the most effective tools we have to deliver clean, secure, and affordable power at scale.”
The project includes bifacial solar modules mounted on single-axis trackers to enhance efficiency. It is supported by a long-term power purchase agreement (PPA) with an undisclosed industrial technology company. Ib Vogt also noted that future plans include the integration of co-located battery energy storage systems (BESS) to enhance grid support and improve revenue streams.
The site was developed with environmental considerations in mind. Measures include the creation of two ponds to support amphibians, installation of nesting boxes for birds of prey, and planned efforts to restore native vegetation.
Managing director of NextEnergy Capital and head of NextPower V ESG, Antonio Salvati, said the transaction marks continued growth for the fund. “We are delighted to conclude this transaction with Ib Vogt, which takes NPV ESG to an operational capacity of 226MWp, further strengthening our position in the European renewable energy market,” he said.
The Pato facility forms part of a wider 513.1MWp cluster under development by Ib Vogt in the Segovia region. The company will remain involved through the provision of operations, maintenance, and asset management services.
