Ib vogt has finalised the divestment of a portfolio of three solar photovoltaic projects in Ireland, valued at around €230m ($271.7m), with a total capacity of 272MWp.
The portfolio includes the Gaskinstown project in County Meath (94.7MWp), the Rathnaskilloge project in County Waterford (107.7MWp), and the Clonin North project in County Offaly (69.4MWp).
Highfield Solar, a joint venture in which ib vogt is a main partner, developed the projects.
Each project secured a 15-year capacity agreement under Ireland’s Renewable Electricity Support Scheme (RESS) 2, reflecting confidence in ib vogt’s ability to deliver effective and large-scale renewable energy infrastructure.
The Gaskinstown and Rathnaskilloge projects achieved their commercial operation dates (COD) in August and September 2025, respectively, and were sold to international institutional investors by December 2025.
The Clonin North project is set to reach its operational stage by mid-2026, with final transaction closure expected post-commissioning.
Collectively, these projects are projected to generate about 275GWh of clean electricity annually, sufficient for over 65,600 Irish households, while contributing significantly towards Ireland's 2030 climate goals of achieving 80% renewable electricity generation.
The solar projects also aim to prevent around 70,250 tonnes (t) of CO2 emissions each year.
ib vogt intends to support the operational phase through comprehensive operations and maintenance services, ensuring sustained performance and value retention over their lifecycle.
The firm was responsible for engineering, procurement, and construction services across the portfolio, showcasing its comprehensive capabilities in the renewable energy sector.
ib vogt CEO Andreas Schell said: “We are pleased to complete these Irish transactions, which demonstrate that economically sustainable infrastructure continues to attract institutional capital even in challenging market conditions.
“The energy transition will only succeed if projects deliver financial rigour alongside climate impact, and this portfolio shows our ability to create assets that generate durable value for investors, communities, and Ireland’s decarbonisation goals simultaneously.”
The projects adhere to RESS 2 requirements, incorporating advanced solar technologies designed for efficiency and minimal environmental impact.
They also include Community Benefit contributions of €2 per MWh to support local community initiatives throughout their operational life.
KPMG served as the exclusive financial adviser on these transactions, while legal counsel was provided by Mason Hayes & Curran.
In July 2025, ib vogt secured 4.49bn pesos ($80m) in green project financing from HSBC for its Tantangan solar power project in Mindanao’s South Cotabato province in the Philippines.
