International solar development platform ib vogt has completed transactions valued at around €230 million in enterprise value for three utility-scale solar photovoltaic projects in Ireland, with a combined capacity of 272 MWp. The portfolio includes the Gaskinstown project in County Meath (94.7 MWp), the Rathnaskilloge project in County Waterford (107.7 MWp), and the Clonin North project in County Offaly (69.4 MWp). Together, these projects represent an important step in Ireland’s renewable energy expansion and further strengthen ib vogt’s reputation as a leading developer in the European solar market.
All projects were developed by Highfield Solar, a joint venture in which ib vogt is a partner. While ib vogt fully owned the Rathnaskilloge project, the Gaskinstown and Clonin North projects were owned by Highfield Solar. ib vogt led the execution of all three transactions. Each project secured a 15-year capacity contract under Ireland’s Renewable Electricity Support Scheme (RESS) 2, reflecting strong institutional confidence in ib vogt’s development expertise and its ability to deliver large-scale, economically viable renewable energy assets under competitive auction frameworks.
The Gaskinstown project reached its Commercial Operation Date (COD) in August 2025 and was sold to a major international institutional investor, with the transaction closing in December 2025. The Rathnaskilloge project achieved COD in September 2025 and was also divested to an international institutional investor by the end of that year. Both operational plants are expected to generate significant renewable electricity annually and will contribute to Ireland’s goal of achieving 80% renewable electricity generation by 2030.
The Clonin North project is on track for COD in mid-2026, with transaction completion expected after commissioning. The project already holds the required permits and grid connection agreements. Combined, the three solar projects are expected to produce about 275 GWh of clean energy each year—enough to supply electricity to more than 65,600 households—and prevent an estimated 70,250 tonnes of CO₂ emissions annually.
Commenting on the transactions, Andreas Schell, CEO of ib vogt, stated that these deals highlight the appeal of sustainable infrastructure for institutional investors despite challenging market conditions. He emphasized that successful energy transition requires projects that deliver both financial strength and climate benefits, noting that this portfolio demonstrates ib vogt’s ability to create long-term value for investors, local communities, and Ireland’s decarbonisation objectives.
ib vogt will continue supporting the operational projects through comprehensive Operations and Maintenance (O&M) services, ensuring strong technical performance and long-term asset value. The company also served as the Engineering, Procurement, and Construction (EPC) provider for the entire portfolio, reflecting its fully integrated approach across the renewable energy value chain.
All three projects utilize advanced solar technologies aimed at maximizing energy output while minimizing environmental impact. They also meet all RESS 2 programme obligations, including the Community Benefit contribution of €2 per MWh, ensuring ongoing support for local communities over the lifetime of the projects. KPMG served as exclusive financial advisor to ib vogt, while Mason Hayes & Curran LLP provided legal counsel for the transactions.
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