Ib vogt closes financing for the Netherlands’ largest solar plant

Facebook
Twitter
LinkedIn
Reddit
Email
Credit: ib vogt

Germany-based company ib vogt has reached financial close over a €41 million (US$47.7 million) debt facility for a 54.5MW solar plant in the Netherlands, said to be the country’s largest.

The Solarpark Scaldia, located in the municipalities of Borsele and Vlissingen in Zeeland, was acquired by ib vogt in February 2018 from the developer Solarpark Zeeland.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

EPC contractor and owner ib vogt will commence construction of the plant in May, while also providing O&M services after commissioning of the plant. Solarfields Nederland will provide the technical and commercial asset management after commissioning. The project is billed to start producing energy in Q3 of 2018, after which the output as well as Certificates of Origin (GvO) will be acquired by Engie under a 17-year power purchase agreement (PPA).

The plant will produce an average of 51,000MWh clean energy per year. Adjacent to a number of wind turbines, the plant will be built below a high-voltage line in a cable and pipeline corridor extending over 38 hectares around the Sloehaven. The 140,000 modules used will be arranged in an east-west orientation to optimize land use and generation profile.

“We are very pleased to have achieved this milestone in a very complex project that involves multiple stakeholders, landowners and municipalities. We would like to thank our partners for their efforts in reaching the financial close, that will result in the largest solar power plant in the Netherlands to date,” said Anton Milner, managing director of ib vogt GmbH.

“This financing underlines our competence to quickly familiarize ourselves with new markets and to consistently advance the expansion of our position,” said Lars Quandel, director Energy & Infrastructure of HSH Nordbank.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 3, 2025
Spanish IPP Zelestra has secured a €235 million (US$277 million) increase to its sustainability-linked loan, bringing the total to €770 million.
Premium
July 3, 2025
Meeting the UK’s solar targets will not simply require the installation of new capacity, but investment in grid infrastructure and training.
July 1, 2025
Solar developer ib vogt has sold a 110MW solar PV plant in Spain to international fund NextPower V ESG, which is operated by investment firm NextEnergy Capital (NEC).
July 1, 2025
French private equity firm Ardian Clean Energy Evergreen Fund (ACEEF) has bought 117 solar PV plants, worth 116MW of total capacity in several locations in Italy.
Premium
June 30, 2025
Solargis CEO Marcel Suri explores three areas where new standards could help underpin greater efficiency, accuracy and market resilience.
June 30, 2025
Eni subsidiary Plentiude has started operations at the northern block of its 330MW Renopool solar portfolio in Spain.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK