ib vogt Signs 127 MW Corporate VPPA in Spain

• ib vogt GmbH has secured financing from the European Investment Bank for its 174 MWp Serbal solar farm in Spain, with 91 MW contracted by Thermo Fisher Scientific Inc and 36 MW by Eurofins Scientific SE. Be powered by clean energy with bifacial solar panels and single-axis trackers generating 328 GWh per year come 2025.

Ib vogt has secured finance for the Spanish solar farm from the European Investment Bank (EIB).

German utility-scale solar developer ib vogt GmbH has signed a virtual power purchase agreement (VPPA) with two corporate off-takers for 127 MW of the 174 MWp Serbal solar farm in Spain. US life sciences solutions company Thermo Fisher Scientific Inc reserved 91 MW and French laboratory analysis provider Eurofins Scientific SE contracted 36 MW. The remaining capacity will be traded on the wholesale market. The plant will feature bifacial solar panels mounted on single-axis trackers, generating some 328 GWh of electricity per year. Ib Vogt has secured finance for the project from the European Investment Bank, and it is expected to reach commercial operation in early 2025.

What Financing Has ib vogt Secured for Serbal Solar Farm?

• Ib Vogt has signed a virtual power purchase agreement (VPPA) with two corporate off-takers for 127 MW of the 174 MWp Serbal solar farm in Spain.
• US life sciences solutions company Thermo Fisher Scientific Inc reserved 91 MW and French laboratory analysis provider Eurofins Scientific SE contracted 36 MW.
• The plant will feature bifacial solar panels mounted on single-axis trackers, generating some 328 GWh of electricity per year.
• Ib Vogt has secured finance for the project from the European Investment Bank (EIB).
• The project is expected to reach commercial operation in early 2025.