Augusta & Co is pleased to announce an agreement to sell ib vogt’s 110MW solar PV project located in Segovia, Spain to Next Power V ESG, a fund managed by Next Energy Capital. Augusta acted as the exclusive sell-side financial advisor to ib vogt in this latest transaction for our client.
As part of the sale, ib vogt will hybridise the solar with a co-located battery system. The solar project is expected to become fully operational by Q1 2025 and benefits from a long-term offtake agreement with a US-based industrial counterparty.
Carsten Stang, CCO at IBV commented: “We are delighted with this result and thank Augusta for another smooth process and their dedication to delivering this exit.”
Charlie Hodges, Partner at Augusta commented: “This marks our second sale in Iberia this summer. Despite investor nervousness around solar capture pricing in Spain, well-located projects with well-negotiated PPAs continue to attract a premium – especially where there is tangible hybridisation potential. We congratulate all parties on this sale.”
Contacts:
Charlie Hodges CHodges@augustaco.com
Frederico Pereira FPereira@augustaco.com