ib vogt has reached commercial operation (COD) of its 116MWp Coara Marang Solar Project in Malaysia, which has a 21-year power purchase agreement (PPA) in place with Tenaga Nasional Berhad, Malaysia’s largest electricity utility.
As Singapore battles the need to decarbonise without the land availability to establish sufficient large-scale renewables plants, Jules Scully looks at prospective power import projects and the consortiums behind them.
Solar developer ib vogt has closed financing on a 135MW solar plant in Poland via a US$90.4 million commitment from German bank BayernLB and Siemens Financial Services.
Solar developers Quantum Power Asia and ib vogt are planning to construct a 3.5GW PV plant and 12GWh energy storage facility in Indonesia that will export electricity to Singapore via a subsea cable.
Solar developer ib vogt is partnering with the energy platform of Philippine conglomerate Ayala to develop large-scale PV projects in the Asia-Pacific region.
Solar developer ib vogt has secured up to €270 million in financing to help it continue to pivot towards a build-own-operate strategy for a gigawatt-scale portfolio of solar assets.
Solar developer ib vogt has signed a €40 million (US$45 million) syndicated loan agreement with its long-standing German bank partner Commerzbank AG to support its international growth strategy
Infrastructure fund manager DIF Capital Partners is acquiring a majority interest in ib vogt, in a deal that is expected to fast track the solar developer’s transition towards an independent power producer (IPP) model.
Senior debt financing has been secured for the 116MWp Coara Marang solar farm being developed by Germany-headquartered ib vogt and Malaysian solar firm Coara Solar.
