ib vogt Sells 780 MWp Greek Renewables Portfolio To Faria Renewables

ib vogt Sells 780 MWp Greek Renewables Portfolio To Faria Renewables

International renewable energy development platform ib vogt has entered into an agreement with Faria Renewables, a Greek renewables IPP. Under this agreement, ib vogt would sell its Greek project portfolio to Faria Renewables, a developer backed by Omnes Capital’s Capenergie 5 fund and the Faria Group. The portfolio comprised around 780 MWp of solar PV and Battery energy storage system (BESS) assets in various stages of development, including a 45 MWp solar farm currently under construction.

The 45 MWp solar PV project included in the sale has recently secured financing from a leading Greek bank and is expected to complete construction in the second half of 2025. The project comprises three distinct sites in the municipality Almyros, Greece, with a combined peak capacity of 45 MWp. The annual electricity generated by the solar plant will equal the average consumption of more than 17,000 households, offsetting up to 25,000 metric tonnes of CO2 emissions.

“We are pleased to deliver this portfolio to Faria Renewables and support them in their positioning as a key player in Greece’s renewable energy sector. It allows us to strengthen focus on our European core markets and international expansion in the coming years,” said Anton Milner, CEO of ib vogt.

The sale was concluded following support from several selected advisers. Akereos Capital acted as the sole and exclusive M&A sell-side adviser to ib vogt. In addition, Watson Farley & Williams and Statera provided legal advice, and TÜV AUSTRIA Hellas provided technical advice.

ib vogt Builds And Sells 66 MWp Solar Projects In Hungary

Last year in 2024, ib vogt signed an agreement to sell a 66 MWp solar PV project to Hungarian MOL Group. The solar farm is located in the municipality of Ballószög, Bács-Kiskun county, Hungary, and will begin commercial operation in Q1 2025. This marks the first project by ib vogt in the country, further expanding their growth in the central and eastern Europe region.

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With an expected lifetime of over thirty years, the project will contribute to Hungary’s goal to produce 90 percent of their domestic electricity carbon dioxide-free by 2030. The project uses state-of-the-art bifacial modules on a single-axis tracking system for optimal productivity, generating the energy equivalent to meet the average consumption of approximately 20,000 households. The solar PV farm will save more than 20,000 tonnes of CO2 emissions per year, compared to the average grid factor in the country.

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