Santander provides €350 million in funding for ib vogt solar projects

Facebook
Twitter
LinkedIn
Reddit
Email
The Benban solar park in Egypt, owned by ib vogt, has a capacity of 50MW. Credit: ib vogt

Germany-headquartered international solar developer ib vogt GmbH has concluded a financing deal with Santander Corporate and Investment Banking (Santander CIB) to provide €350 million for solar projects under construction in its portfolio.

While ib vogt did not specify which projects would benefit from the funding, nor how many would receive investment from Santander, it noted that the money would go towards projects which ib vogt plans to operate long into the future. The company announced the money would be used to support solar PV projects where the company is responsible for engineering, procurement and construction and operations and maintenance, as opposed to projects that will be later sold to other companies.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“As we continue to build out our project pipeline, this agreement will enable us to deliver high-quality, high-performance renewable energy assets to strengthen our own platform,” said ib vogt CEO Anton Milner. “This not only benefits our business but also propels the much-needed energy transition by accelerating the buildout of clean energy resources.”

The news is the latest instance of ib vogt investing in new solar projects. This year, the company has brought six new solar farms online, in Ireland and Poland, with a total capacity of 276MW, after completing construction at 15 projects in 2022.

Santander will provide funding for the projects for the next five years, and the deal is the Spanish bank’s latest investment into renewable power. Earlier this year, the European Investment Bank loaned €300 million to the Brazilian branch of Santander to build small-scale solar plants, before Santander committed €128 million to fund Opdenergy’s construction of five solar PV plants in Spain.

“Santander CIB is delighted to partner with ib vogt in delivering this new funding line, unlocking the next exciting phase of growth and development for this market-leading platform,” said Santander CIB global head of structured finance Benoît Felix. “This underpins Santander’s ongoing commitment to green and sustainable financing.”

Read Next

October 3, 2025
EDF Renewables and Enlight Renewable Energy have advanced solar-plus-storage projects in New Mexico and Arizona.
October 1, 2025
Italy has released the results of its latest solar auction, which includes 273 expressions of interest for a combined capacity of 3,161MW.
September 30, 2025
Global investor KKR has acquired 50% of a 1.4GW solar portfolio in North American from French oil major TotalEnergies.
September 24, 2025
Spanish IPP Sonnedix has acquired five solar projects in Sicily and Lazio, Italy, with a combined capacity of 226MW.
September 23, 2025
Sunsure Energy has commissioned an 82.5MW solar project in Jhansi, in the Indian state of Uttar Pradesh, its tenth project in the state.
September 19, 2025
EdgeMode has acquired a portfolio of data centre assets in Spain, with plans to build a 300MW solar, 1.2GWh storage facility at the sites.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland