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Germany's ib vogt sells 180-MWp solar project in Spain

Solar power system. Author: Mountain/ \Ash. License: Creative Commons, Attribution 2.0 Generic.

January 9 (Renewables Now) - German solar developer and contactor ib vogt GmbH announced today it had sold its 180-MWp Bienvenida photovoltaic (PV) project in Spain to insurance group Talanx AG (ETR:TLX).

Parallel to the sale process, ib vogt has initiated the construction of the solar park at a site in the Spanish region of Extremadura.

Bienvenida will be installed on a plot of land spanning 175 hectares (432.4 acres). Once online, the solar park will operate without subsidies, relying only on a long-term power purchase agreement (PPA) with Shell Energy Europe.

Ib vogt acquired the Bienvenida scheme in 2017, saying it is the first of a series of grid parity projects it is developing in Southern Europe.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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