The projects are currently under development and will be purchased on a one-by-one basis over the next 12 – 18 months as each project reaches ready-to-build (RTB) status. The first two projects to have already reached RTB status represent 25 MWp of the nearly 100 MWp portfolio and were acquired on 28 June 2023. The remaining eight projects are expected to individually reach RTB over the next year, with the last project reaching RTB by 2Q24, upon which they will be financed and developed by Rubis Photosol.
“We are pleased to deliver this large portfolio to Rubis Photosol and support them in their first entrance into the Italian electricity market,” said Anton Milner, CEO of ib vogt. “All 10 projects will be developed with close attention to their environmental and social impact. I would like to thank everyone involved in this transaction for their outstanding effort and support, allowing us to further achieve our goal of powering the energy transition.”
This transaction represents ib vogt’s first sale from a multi-gigawatt portfolio of projects in development throughout Italy. The company currently has two other permitted projects in the country, comprising over 380 MWp in solar projects in total.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Spring 2023 issue
The Spring 2023 issue of Energy Global hosts an array of technical articles focusing on offshore wind, solar technology, energy storage, green hydrogen, waste-to-energy, and more. This issue also features a regional report on commodity challenges facing Asia’s energy transition.
