ib vogt has finalized transactions worth around €230 million in enterprise value for three utility-scale solar PV projects in Ireland, collectively delivering 272 MWp of capacity.
The portfolio includes the Gaskinstown (94.7 MWp) project in County Meath, Rathnaskilloge (107.7 MWp) in County Waterford, and Clonin North (69.4 MWp) in County Offaly.
These projects mark an important step in advancing Ireland’s renewable energy goals while strengthening ib vogt’s position as a leading player in the European solar energy market.
All three developments originate from Highfield Solar, a joint venture partly owned by ib vogt. The company held full ownership of Rathnaskilloge, while Gaskinstown and Clonin North were jointly owned under the partnership. ib vogt also led all three transaction processes.
All three of ib vogt’s Irish solar projects have secured 15-year capacity contracts under Ireland’s Renewable Electricity Support Scheme (RESS) 2, underscoring institutional confidence in the company’s proven expertise in delivering large-scale, economically sustainable clean energy projects.
The Gaskinstown project (94.7 MWp) achieved its Commercial Operation Date (COD) in August 2025 and was sold to a major international institutional investor, with the deal closing in December 2025.
Similarly, the Rathnaskilloge project (107.7 MWp) reached COD in September 2025 and was divested to another global investor by December 2025. Both operational projects are now generating substantial amounts of renewable electricity, contributing to Ireland’s 2030 target of achieving 80% renewable power generation.
Meanwhile, the Clonin North solar project (69.4 MWp) is on track to reach COD by mid-2026, with transaction completion expected post-commissioning. The site has already secured all necessary regulatory approvals and grid connection agreements. Collectively, these three solar assets will produce about 275 GWh of clean energy annually, enough to power over 65,600 homes and offset around 70,250 tonnes of CO? emissions each year.
Each of the three ib vogt solar projects in Ireland features advanced photovoltaic technology designed to maximize energy output while reducing environmental impact.
Fully compliant with RESS 2 requirements, the projects also include Community Benefit contributions of €2 per MWh, ensuring that local communities receive sustained economic and social support throughout the operational lifespan of the installations.
For these transactions, KPMG served as exclusive financial advisor to ib vogt, while Mason Hayes & Curran LLP provided legal counsel, supporting the company’s commitment to executing high-value, sustainable energy investments in compliance with national renewable policies.
Leadership Comments
Andreas Schell, CEO of ib vogt, said: “We are pleased to complete these Irish transactions, which demonstrate that economically sustainable infrastructure continues to attract institutional capital even in challenging market conditions. The energy transition will only succeed if projects deliver financial rigour alongside climate impact, and this portfolio shows our ability to create assets that generate durable value for investors, communities, and Ireland’s decarbonisation goals simultaneously.”
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