Ib Vogt has entered into an agreement to sell a 98MW solar portfolio in Italy to French solar energy producer Rubis Photosol.
It covers 10 photovoltaic and agrivoltaic projects in the Lazio region of Italy and has been 100% funded by Ib Vogt.
It has been developed by Ib Vogt and its two joint venture partners, Christoph Drewes Energieberatung and Hans Karl Pichler.
The sites are under development and will be purchased on a one-by-one basis over the next 12 to 18 months as each project reaches ready-to-build (RTB) status.
The first two plants to have already reached RTB status represent 25MW of the nearly 100MW portfolio and were acquired in late June.
The remaining eight projects are expected to reach RTB over the next year, with the last site reaching that stage by the second quarter of 2024, upon which they will be financed and developed by Rubis Photosol.
This transaction represents Ib Vogt’s first sale from a multi-gigawatt portfolio of projects in development throughout Italy.
The company has two other permitted projects in the country, comprising over 380MW in solar developments.