Ib Vogt has successfully sold a 66 MWp solar photovoltaic (PV) project to the Hungarian MOL Group. The solar farm, located in Ballószög, Bács-Kiskun County, Hungary, is set to become operational in the first quarter of 2025. This marks Ib Vogt’s inaugural project in Hungary.
Partnership and Project Details
Anton Milner, CEO of Ib Vogt, expressed enthusiasm about the collaboration: “We are more than happy to work with MOL Group in their strategic goal to increase renewable energy sources to cover the growing electricity demand. This project marks a true milestone for our team in Hungary and for Ib Vogt as a continuously growing organization, bringing clean energy to more and more markets around the world.”
Ib Vogt has not only developed the project but will also provide engineering, procurement, and construction (EPC) services, along with operations and maintenance (O&M) once the project is completed.
Advisors Involved
In this transaction, Finergreen served as the financial advisor, while Dentons acted as the legal advisor to facilitate the sale.
Sources
- Ib Vogt Official Website
- MOL Group Press Release
- Finergreen Advisory Overview
