A Global renewable energy development platform ib vogt has agreed to sell its Greek renewable energy portfolio to Faria Renewables. The portfolio totals approximately 780 MW of solar PV and BESS assets. Faria Renewables is a Greek renewable energy IPP supported by Omnes Capital’s Capenergie 5 fund and the Faria Group. The sale includes a 45 MW solar farm under construction in Almyros, Greece. This project is expected to be completed in the second half of 2025. It spans three sites and will power over 17,000 households annually. The project will also offset up to 25,000 metric tonnes of CO2 per year. Akereos Capital acted as an exclusive M&A sell-side adviser. Legal advice was provided by Watson Farley & Williams and Statera. TÜV AUSTRIA Hellas provided technical support.
ib vogt transfers 780 MW Greek solar portfolio to Faria Renewables
ib vogt’s 780 MW Greek solar portfolio, including a 45 MW project in Almyros, will power 17,000 homes under Faria Renewables. (Image Credit/Source:AndreasTroll/Pixabay)
The projects collectively offset over 19,500 metric tons of CO2 annually, while powering approximately 4,000 homes. (Image Source: UGE International)
Suvic Oy has secured €55M contract for a 100 MW solar project in Finland, scheduled for completion by autumn 2026. (Image Credit/Source: Kindel Media/Pexels)
Recent 90 MW additions in Rajasthan complete ACME Solar’s renewable expansion to 2,453 MW capacity. (Image Credit/Source: Kelly/Pexels)
Construction of the Cibele Solar Farm is set to begin soon, with operations scheduled for 2026. (Image Source: LightSourcebp)