Ib Vogt has completed the sale of its 110MWp Pato solar project in Spain to NextPower V ESG, a renewable infrastructure fund managed by NextEnergy Capital.
The Pato solar farm in Segovia is now fully operational and generating approximately 215GWh of clean electricity annually. This is enough to power over 55,000 households and prevent more than 47,000 tonnes of carbon dioxide emissions each year.
The project benefits from a secured long-term power purchase agreement (PPA) with an industrial technology innovator.
The Pato solar farm is equipped with bifacial solar panels with tracking mounts for enhanced efficiency and generation. The project is expected to be hybridised with co-located battery energy storage systems (BESS) in the coming years to further access available cash flows while supporting grid resilience and flexibility.
Ib Vogt said the project was designed with biodiversity in mind from the beginning. Pato features two newly created ponds supporting amphibians and local wildlife, as well as nesting boxes for owls and owlets, and future native vegetation actions to strengthen the local ecosystem.
“We’re proud to celebrate the successful sale of the Pato project to our partners at NextPower V ESG,” said Ib Vogt chief executive Andreas Schell. “Solar energy is one of the most effective tools we have to deliver clean, secure, and affordable power at scale.
“The successful sale of the Pato solar farm is not only a milestone for our company and our partners – it also brings long-term economic and environmental benefits to local communities and supports national energy resilience.
“These projects contribute directly to sustainability goals while strengthening local economies, generating clean energy, and protecting ecosystems.
“We are proud to deliver impactful, future-ready infrastructure that meets investor expectations and drives real-world value across the board.”
Managing director of NextEnergy Capital and head of NextPower V ESG Antonio Salvati said: “NPV ESG continues to deploy its capital at pace.
“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.
“We continue to invest in the Iberian market through our Madrid and Seville offices. NextPower V expects to double the operational solar capacity in Europe over the next 12 months, driving energy security and affordability for the region.”
Pato is part of a larger 513.1MWp cluster developed by Ib Vogt in Segovia. The company will continue to support the Pato project by providing operations and maintenance (O&M) and asset management services.