International solar development platform IB Vogt has successfully completed the sale of the 110 MW Pato solar photovoltaic project in Segovia, Spain, to NextPower V ESG (NPV ESG), a private solar and infrastructure strategy managed by NextEnergy Capital.
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The Pato solar farm generates approximately 215 GWh of clean electricity annually – enough to power more than 55,000 households. The project benefits from a long-term Power Purchase Agreement (PPA) with a leading industrial technology company, ensuring stable, predictable cash flow for NPV ESG investors and reliable energy delivery for the offtaker.
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The solar park is equipped with bifacial panels on tracking mounts to enhance efficiency and yield. In the coming years, it is expected to be hybridised with co-located battery energy storage systems (BESS) to improve grid flexibility and unlock additional revenue streams.
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Environmental sustainability is central to the site’s design. Pato includes two newly created ponds to support amphibians and local wildlife, along with nesting boxes for owls and owlets, and planned native vegetation measures to enhance the local ecosystem.
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“We continue to invest in the Iberian market through our Madrid and Seville offices. NextPower V expects to double the operational solar capacity in Europe over the next 12 months, ” said Antonio Salvati, Managing Director at NextEnergy Capital, Head of NextPower V ESG.
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Pato forms part of a 513.1 MW solar cluster developed by IB Vogt in Segovia, contributing to Spain’s 2050 climate neutrality goals and its target of 100% renewable electricity.
IB Vogt will continue to support the Pato project through comprehensive operations and maintenance (O&M) and asset management services. (hcn)
