International solar development platform ib vogt has sold the 95.18 MWp “Baobab Solar” photovoltaic project in Segovia, Spain, to EOS NER Solar España S.L., a subsidiary of EOS NER, a Swiss independent power producer wholly owned by EOS Holding.
The project is underpinned by a 15-year Power Purchase Agreement that secures revenue streams and supply certainty for EOS NER Solar España’s investment. Baobab Solar uses advanced bifacial solar panel technology coupled with single-axis tracking systems to maximise energy generation. The project holds significant potential for future hybridisation with co-located battery energy storage systems (BESS). Baobab Solar forms part of a larger 513.1 MWp cluster in Segovia developed by ib vogt, which directly contributes to Spain’s ambitious 2050 climate neutrality targets and the nation’s roadmap to 100% renewable electricity generation.
Legal counsel was provided by Herbert Smith Freehills Karmer for the sell side and Garrigues for the buy side.
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