Germany-based ib vogt and Ingka Investments have completed the sale of a 210 MW ready-to-build solar project in Rajasthan, India. ib vogt has secured land, finished feasibility work and obtained required grid and regulatory approvals. The company was set to manage construction and oversee operations for the first three years. Once commissioned, the project was expected to generate about 380 GWh of electricity each year for Ingka Group’s India operations. ib vogt operated in 32 countries with a pipeline of solar and BESS projects and had monetised more than 1 GW in India. Company representatives said the deal marked Ingka Investments’ first utility-scale renewable energy project in India and noted the role of local teams and partners. Ingka Investments stated the acquisition supported energy needs for its retail and distribution activities. Ernst & Young LLP served as the M&A adviser, with Saraf & Partners and Emerald Law Offices providing legal support.