ib vogt has sold the Baobab Solar photovoltaic project in Segovia, Spain, to EOS NER Solar España, a subsidiary of EOS NER.
The company said the project generates about 190GWh of electricity annually and is backed by a 15-year power purchase agreement.
ib vogt stated the transaction marks EOS’s second renewable energy investment in Spain and supports its expansion across solar, wind and battery storage.
Andreas Schell, chief executive officer of ib vogt, said: “We are delighted to announce the successful sale of Baobab Solar.”
Schell added: “Baobab Solar exemplifies our integrated approach, combining financial rigour, advanced technology, and operational excellence, to create renewable energy solutions that generate value for investors, communities, and climate objectives simultaneously.”
ib vogt noted it will retain operations and maintenance and asset management responsibilities for the project throughout its operational lifetime.