International solar development platform ib vogt has completed the sale of its 110 MWp “Pato” solar photovoltaic project in Segovia, Spain, to NextPower V ESG, a private solar and infrastructure investment strategy managed by NextEnergy Capital. This transaction marks an important step in both companies’ efforts to support Europe’s clean energy transition.
The Pato solar project generates around 215 GWh of renewable electricity annually, which is enough to power more than 55,000 homes. It also helps avoid approximately 47,450 tonnes of CO₂ emissions each year—equivalent to displacing 15,000 tonnes of oil. The project has a long-term Power Purchase Agreement (PPA) in place with a leading industrial technology company, providing both secure energy supply for the offtaker and predictable returns for investors.
The facility is equipped with high-efficiency bifacial solar panels mounted on tracking systems to maximize energy output. In the future, it is expected to be hybridised with a co-located Battery Energy Storage System (BESS) to enhance grid flexibility and improve the financial profile of the asset through additional revenue streams. Environmental sustainability has been a key focus in the project’s development. The site includes two newly created ponds that support local amphibians and wildlife, nesting boxes for owls and owlets, and plans for planting native vegetation to strengthen biodiversity in the area.
Andreas Schell, CEO of ib vogt, stated, “We’re proud to celebrate the successful sale of the Pato project to our partners at NextPower V ESG. 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.”
Antonio Salvati, Managing Director at NextEnergy Capital, Head of NextPower V ESG, stated, “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 226 MWp, 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 513.1 MWp solar cluster developed by ib vogt in Segovia, contributing to Spain’s goal of achieving climate neutrality by 2050 and reaching 100% renewable electricity. ib vogt will continue to support the project by delivering full Operations and Maintenance (O&M) as well as Asset Management services to ensure consistent performance and long-term value. Augusta & Co. Ltd served as the exclusive financial advisor, with Herbert Smith Freehills Spain LLP and Watson Farley Williams providing legal support to ib vogt and NextEnergy Capital respectively.
