Fund supervisor to take 51% risk in Ib Vogt

Oct 19, 2021 07:01 PM ET
  • DIF Capital Partner's purchase of majority shareholding will increase German programmer's transfer to IPP model
Fund supervisor to take 51% risk in Ib Vogt
Image: Ib Vogt

DIF Capital Allies has actually reached an agreement to obtain a 51% stake in German solar developer Ib Vogt from proprietor DVV.

DIF as well as DVV have actually participated in a critical collaboration with the aim of increasing Ib Vogt's development program and property develop out in addition to fast lane the shift of the business towards an independent power producer (IPP) design.

The IPP version extends growth, possession and also operations of solar and also battery storage space projects.

Ib Vogt's pipe of websites and projects constructed or in construction go beyond 2.2 GW and its project development pipe is more than 40GW.

Ib Vogt, headquartered in Berlin, has established 27 workplaces across Europe, North America, Asia-Pacific and also Africa as part of its existence in over 40 countries.

The team works with many partners globally, sustaining its internal team of over 540 staff who are energetic in all locations of the solar value chain.

As part of the arrangement, DIF will get a 51% stake in Ib Vogt (leaving out particular projects for regulative reasons) and the shareholders will take on a capital shot at closing.

Gijs Voskuyl, partner and also head of investments for DIF Infrastructure VI, claimed: "We are excited to sustain the business as well as the highly experienced administration group in the following phase of its growth, knowing Ib Vogt's outstanding pipeline and continuing the transformation from a programmer right into an international IPP."

The purchase's closing is expected to occur by the end of 2021.

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