Renewable energy developer ib vogt has divested three large-scale solar PV projects in Ireland, totaling 272 MWp, for €230 million (£200 million).
The portfolio includes the 94.7 MWp Gaskinstown project in County Meath, the 107.7 MWp Rathnaskilloge project in County Waterford and the 69.4 MWp Clonkeen project in County Offaly.
The three solar projects generate approximately 275 GWh of clean electricity annually. All three assets were developed by Highfield Solar, a joint venture in which ib vogt is a partner.
Rathnaskilloge was wholly owned by ib vogt, while Gaskinstown and Clonin North were owned by Highfield Solar. All three transactions were led by ib vogt. Each project secured a 15-year capacity contract in the second round Ireland’s renewable electricity support programme (RESS2).
“We are pleased to complete these Irish transactions, which demonstrate that economically sustainable infrastructure continues to attract institutional capital, even in challenging market conditions,” said Andreas Schell, CEO of ib vogt.
Gaskinstown became commercially operational in August 2025 and was transferred to an international institutional investor, with the deal closing in December 2025. The Irish grid operator EirGrid connected the 110 kV Deenes substation in County Meathin addition to the commissioning of the 85MW/93MWp plant in Gaskinstown.
Meanwhile, Rathnaskilloge commenced operations in September 2025 and was also sold to an international institutional investor, with the transaction closing in December 2025. In December 2023, Coöperatieve Rabobank UA financed the 106MWp Rathnaskiloge project.
Clonin North is progressing towards a target commercial operation date of mid-2026, with the transaction expected to close post-occupancy. The project has obtained all required construction permits and grid connection agreements. In October 2024, Highfield Solar has reached financial closewhich raised an undisclosed amount of money to finance the project.
The projects meet RESS 2 requirements, including community contributions of €2/MWh.
