+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
News Article

ib vogt has closed financing on 135 MWp solar plant in Poland


ib vogt has agreed with BayernLB and Siemens Financial Services through Siemens Bank on the financing of 135 MWp of solar PV power generation under construction in Poland. The solar project marks a significant investment in Poland’s renewable energy sector with a total commitment of USD 90,4 million. Commercial operation of the first section is expected in September 2022, the full project will be operational by the beginning of 2023.

The power plant is located near the communities of Zamość and Szczebrzeszyn in the Lublin voivodeship in the southeast of Poland. The project covers an area of 154 ha of land with high solar irradiation and low-quality soil and will consist of more than 250,000 solar panels. With an output of up to 150 GWh per year, the panels will produce clean solar electricity equivalent to the average consumption of 70,000 households, saving up to 100,000 tons of CO2 per year.

"This project is another important step for the company and our key mission of helping to drive the energy transition and the decarbonization of electricity generation. We are very pleased with the progress of this, our first major plant in Poland – with more to come - which is the result of many years of engagement in the country. It marks a significant milestone for ib vogt and our activities in Central and Eastern Europe. We would like to thank our partners BayernLB and Siemens Financial Services through Siemens Bank for their great support, expertise and professionality in the financing of the project", said Anton Milner, CEO of ib vogt GmbH.

Karin Schramm, Sector Head Renewable Energy at BayernLB stated: „Following many years of successful cooperation, we are very pleased to having been able to support our long-standing customer ib vogt, on its course of expansion into new territories and assist with our sector expertise in renewable energies to finance together ib vogt’s first project in Poland.”

Markus Holzner, Head of Project Finance EMEA at Siemens Bank said: “We are excited to support ib vogt in transforming our future to a net zero environment and contributing to a successful expansion to Poland. We are glad to see the European renewable sector growing.”

This milestone was achieved following outstanding support from several selected advisors. CMS Poland provided legal advice, Wind Prospect Polska provided technical advice whilst Marsh Poland advised on insurance and CRIDO on financial model. ib vogt has developed the 135 MWp project, commenced construction as EPC contractor and will provide O&M as well as Asset Management services after commissioning of the plant. An agreement was signed with Next Kraftwerke for trading photovoltaic electricity at the Polish exchange TGE.

Octopus Energy acquires Zestec Renewable Energy
Midsummer signs four LOI’s for 224 MW of thin film panels
ib vogt starts construction on 149 MWp project in Spain
NTR achieves commercial operation at 86MW Norra Vedbo Wind Farm
Atomically-thin ribbons can dramatically improve batteries
k-Space Glass Breakage Detection System for Glass and Solar Panels Also Verifies Color
Business Rating Revaluation for England & Wales could have a big impact on solar
Veolia awarded £27 million contract to cut carbon and energy costs for NHS
ib vogt completes 116 MWp Solar Project in Malaysia
Masdar Acquires Arlington Energy
Hitachi Energy hands over North Sea Link, the first interconnector between Norway and the UK
ENCAVIS finances two solar parks in Denmark
Octopus Energy enters Italian generation market
Otovo creates 100 million euros in customer savings in Q3
Maxeon Solar Expands its SunPower One Ecosystem to EV Charging
Puredrive Energy agrees £4 million lending facility with Cynergy Business Finance
Alight and Tekniska verken build Sweden’s largest co-located solar-plus-storage plant
Planning for UK Rooftop Solar
Improving TMO organic photovoltaic performance
Exploring soft semiconductors for solar power
Saint-Gobain and Megasol announce strategic partnership
BayWa r.e. submits permit application for first subsidy-free commercial floating offshore wind project
AEROCOMPACT launches racking system for bifacial PV modules and green roofs
Australia’s Oldest Utility Scale Solar Plant Celebrates Ten Years
SEG plans to convert remote oil and gas fields to solar power
Sonnedix and Statkraft sign long-term PPA for a portfolio of projects in Italy
The Fastest Growing SEV Company is Making Charging Obsolete
Bahrain's Electricity and Water Authority prepares for 100 MW solar farm
CHIPS & Science Act boosts sales
Boviet Solar enters into agreement with Vesper Energy
Wind and solar top 10% of global power generation for first time
Solo Announces Strategic Growth Investment from Bregal Sagemount

Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: