News & Analysis

/ATHENS, GREECE, January 8, 2025, 10:00 ib vogt, Faria Renewables/ International renewable energy development platform ib vogt has reached an agreement to sell its project portfolio in Greece to Faria Renewables, a prominent Greek independent power producer (IPP) and developer, supported by Omnes Capital’s Capenergie 5 fund and the Faria Group. This portfolio includes approximately 780 MWp of solar photovoltaic (PV) and battery energy storage system (BESS) assets at various stages of development, which features a 45 MWp solar PV power plant that is currently under construction.

The 45 MWp solar PV project included in the sale has recently secured financing from a leading Greek bank and is expected to complete construction in the second half of 2025. The project comprises three distinct sites in the municipality Almyros, Greece, with a combined peak capacity of 45 MWp. The annual electricity generated by the solar plant will equal the average consumption of more than 17,000 households, offsetting up to 25,000 metric tonnes of CO2 emissions.

“We are pleased to deliver this portfolio to Faria Renewables and support them in their positioning as a key player in Greece’s renewable energy sector. It allows us to strengthen focus on our European core markets and international expansion in the coming years,” said Anton Milner, CEO of ib vogt. “I would like to thank everyone involved in this transaction for their outstanding effort and support, allowing us to further achieve our goal of powering the energy transition.”

The sale was concluded following outstanding support from several selected advisers. Akereos Capital acted as the sole and exclusive M&A sell-side adviser to ib vogt. In addition, Watson Farley & Williams and Statera provided legal advice, and TÜV AUSTRIA Hellas provided technical advice.

For more information about the solar power market in Greece, including full contact details of solar project owners and developers, you may read here: Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2025÷2034

In order to download the executive summary brochure with sample pages, please access from here:  Western Balkans Solar Photovoltaic (PV) Power Market Outlook – Sample

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