IB Vogt Divests 272 MWp Irish Solar Portfolio for €230 Million

In a significant move for the Irish renewable energy sector, global solar developer ib vogt has successfully completed the sale of a 272 MWp solar portfolio for a total enterprise value of approximately €230 million. This transaction underscores the growing investor confidence in Ireland’s maturing solar market and its supportive government frameworks.

The Irish solar portfolio at a Glance

The divested portfolio consists of three large-scale solar projects strategically located across Ireland. These projects were developed by Highfield Solar, a joint venture involving ib vogt.

The three sites included in the sale are:
* Gaskinstown: A 94.7 MWp project located in County Meath.
* Rathnaskilloge: A 107.7 MWp project in County Waterford, which was fully owned by ib vogt.
* Clonin North: A 69.4 MWp project situated in County Offaly.

Securing Ireland’s Green Future with the Irish solar portfolio

A key factor enhancing the value of this portfolio is that each project has secured a 15-year capacity agreement under Ireland’s Renewable Electricity Support Scheme (RESS) 2. This government-backed scheme provides long-term revenue certainty, making the assets highly attractive to international institutional investors, who were the purchasers in this deal.

The Gaskinstown and Rathnaskilloge projects have already achieved commercial operation, beginning in August and September 2025, respectively. The sale of these two assets reached financial close in December 2025. The final project, Clonin North, is on track for commissioning in mid-2026, with its sale to be completed once it becomes operational.

Environmental Impact and Project Execution of the Irish solar portfolio

Once fully operational, the three solar farms are projected to generate a combined 275 GWh of clean electricity annually. This output is substantial enough to power thousands of homes and will contribute significantly to Ireland’s climate goals by avoiding an estimated 70,250 tonnes of CO2 emissions each year.

ib vogt played a central role throughout the development lifecycle, providing full Engineering, Procurement, and Construction (EPC) services. Demonstrating its long-term commitment to the projects, ib vogt will also continue to deliver Operations and Maintenance (O&M) services for the operational sites.

The successful transaction was supported by key advisors, with KPMG serving as the financial advisor and Mason Hayes & Curran LLP providing legal counsel. This deal not only represents a successful divestment for ib vogt but also marks a milestone in the expansion of utility-scale solar power in Ireland, signaling a bright future for the country’s energy transition.