Ib Vogt Sells €230m Irish Solar Trio

Why It Matters

The transaction proves that large‑scale renewable infrastructure remains attractive to institutional capital, bolstering Ireland’s 2030 renewable‑energy targets and reinforcing ib vogt’s role as a developer‑operator hybrid.

Key Takeaways

• €230 million sale of three 272 MWp Irish solar projects.
• Projects secured 15‑year contracts under Ireland’s RESS 2 scheme.
• Combined output 275 GWh powers 65,600 households annually.
• Institutional investors buying operational solar assets despite market challenges.
• ib vogt retains O&M and EPC responsibilities for the sites.

Pulse Analysis

Ireland’s solar market is accelerating under the Renewable Electricity Support Scheme 2, which guarantees long‑term capacity contracts and de‑riskes projects for developers. The three sold assets—totaling 272 MWp—illustrate how policy certainty can translate into sizable, bank‑able portfolios that attract global capital. By locking in 15‑year tariffs, ib vogt ensured predictable cash flows, enabling the €230 million exit and reinforcing the country’s trajectory toward its 80 % renewable generation goal for 2030.

The involvement of international institutional investors signals a broader shift in financing patterns for renewable infrastructure. Despite volatile energy markets, investors are seeking stable, inflation‑linked returns that large‑scale solar can provide. Ib vogt’s decision to retain operations and maintenance (O&M) and engineering, procurement and construction (EPC) responsibilities underscores a hybrid business model that maximizes asset value while offering investors a turnkey solution. This approach mitigates post‑sale risk and leverages ib vogt’s technical expertise to sustain performance over the 15‑year contract life.

Beyond the immediate deal, the transaction highlights the scalability of Ireland’s clean‑energy ambitions within the European Union’s decarbonisation agenda. Generating roughly 275 GWh annually, the portfolio offsets over 70,000 tonnes of CO₂ each year—equivalent to powering more than 65,000 homes. As the EU tightens emissions targets, similar asset sales are likely to proliferate, providing a template for other developers to monetize projects while continuing to deliver O&M services that ensure long‑term reliability and community benefits.

Ib vogt sells €230m Irish solar trio

6 February 2026

Ib vogt has completed transactions worth about €230 million covering three Irish solar projects with a combined capacity of 272 MWp.

The portfolio comprises the 94.7 MWp Gaskinstown project in County Meath, the 107.7 MWp Rathnaskilloge site in County Waterford and the 69.4 MWp Clonin North project in County Offaly. All three schemes were developed by Highfield Solar, in which ib vogt is a partner, with Rathnaskilloge fully owned by the company and the other two owned by the joint venture.

The projects secured 15‑year capacity contracts under Ireland’s Renewable Electricity Support Scheme 2. Gaskinstown reached COD in August 2025 and was sold to an international institutional investor with closing completed in December 2025. Rathnaskilloge achieved COD in September 2025 and was also divested to an international institutional investor in December. ib vogt said both operational projects will provide substantial clean electricity to support Ireland’s 2030 target of 80 % renewable generation.

Clonin North is progressing towards COD in mid‑2026 with closing expected after commissioning, and has obtained all necessary approvals and grid agreements. The three assets generate around 275 GWh per year, enough to power more than 65 600 households while avoiding an estimated 70 250 tonnes of CO₂ annually.

Andreas Schell, ib vogt chief executive, 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.”

He added that the portfolio shows the company’s ability to create assets delivering value for investors, communities and Ireland’s decarbonisation goals.

ib vogt will continue to provide O&M services for the operational plants and delivered full EPC services across the portfolio. The projects use advanced technology designed to maximise generation efficiency and meet RESS 2 community‑benefit requirements of €2 per MWh.

KPMG acted as exclusive financial adviser to ib vogt and Mason Hayes & Curran LLP provided legal counsel.