ib vogt and NextPower V ESG Announce Sale of 110 MWp “Pato” Solar Farm in Spain

International solar development platform ib vogt has completed the sale of the 110 MWp “Pato” solar photovoltaic project in Segovia, Spain, to NextPower V ESG (“NPV ESG”), a private solar+ infrastructure strategy managed by NextEnergy Capital. 

The Pato solar farm generates approximately 215 GWh of clean electricity annually—enough to power more than 55,000 households—while preventing an estimated 47,450 tonnes of CO₂ emissions each year. This is the equivalent of avoiding 15,000 tonnes of oil every year. The project also benefits from a secured long-term Power Purchase Agreement (PPA) with a leading industrial technology innovator, ensuring stable, predictable cash flow for investors in NPV ESG, and secured energy delivery for the offtaker. The Pato solar farm is equipped with bifacial solar panels with tracking mounts for enhanced efficiency and generation. The project is expected to be hybridised with co-located battery energy storage systems (BESS) in the coming years to further access available cash flows while supporting grid resilience and flexibility. 

Augusta & Co. Ltd acted as exclusive financial advisor, with legal counsel provided by Herbert Smith Freehills Spain LLP for ib vogt and Watson Farley Williams for NextEnergy Capital.