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ib vogt GmbH Helmholtzstr. 2-9 10587 Berlin, Germany http://www.ibvogt.com
Contact Mr Head of Communications & Marketing Torsten Bierdel +49 30 397440740
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ib vogt sells and constructs 180 MWp PV plant in Spain

(PresseBox) (Berlin, )
ib vogt announces the sale and start of construction of the 180 MWp “Bienvenida” photovoltaic project in Badajoz, Spain. The Talanx Group, one of the major European insurance groups and institutional investor, has acquired the plant. ib vogt has set up an innovative long-term power purchase agreement (PPA) for the project with Shell Energy Europe and will perform all operational contracts for the project delivery and operation.

The Bienvenida project was initially acquired as an early stage development project by ib vogt in 2017 and developed to achieve a capacity of 180 MWp on only 175 hectares of land located in Extremadura, one of the sunniest places in Spain. With a fully wrapped EPC contract and full lifetime operation for the client, ib vogt provides a one-stop service to meet the investors needs whilst removing interface risks otherwise widely common in the market. ib vogt has developed and successfully implemented an innovative power contracting structure with Shell Energy Europe, who will buy the produced energy. The agreement between the parties includes an attractive price hedging that balances price volatility while remaining exposed to opportunities in the Spanish power market.

“The solar park ‘Bienvenida’ represents an excellent fit with our direction and strategy,” explained Dr Thomas Mann, Chief Investment Officer of Talanx. “The investment allows us to diversify our asset portfolio and this enables us to manage the volatility in our portfolio in a more controlled way, since we will benefit equally from wind and solar power. Moreover, the sheer size of the solar park allows us to better support the environmental transformation to a zero-carbon emission society – in this case by means of industrially generated green energy,” he added. “Furthermore, it helps us to counteract the low-interest phase with higher returns on investment.”

Anton Milner, CEO of ib vogt GmbH, stated: “This project is the culmination of a number of years of development work and is the first of a series of major “grid parity” projects that we are developing in Southern Europe. Importantly, these will help drive the penetration of clean electricity in Europe on a stand-alone economic – unsubsidised – basis. We are delighted and proud to be working with the Talanx Group and to be able to support their sustainability and portfolio objectives. In Talanx we have a partner that shares our objectives and approaches in driving the implementation of this important technology in the fight against climate change. We would also like to thank all of our partners in this complex project and especially the local commune where we will be creating long term employment opportunities.”

ib vogt continues to expand its development, EPC, operation and maintenance capabilities in the country in preparation to commercialize further projects of its substantial Spanish pipeline. Currently, the German integrated developer is accelerating works on a pipeline of major solar PV projects in Europe, North America, Australia and Asia, which do not rely on public support mechanism. Those projects will be commercialized in the coming years with our partners and clients.

ib vogt GmbH

About ib vogt

Established in 2002, ib vogt GmbH is an integrated developer specializing in the development, design & engi-neering, financing, EPC, operation & maintenance and asset management of solar power plants. The company provides high-quality turnkey solar power plant solutions, designed and engineered in Germany, to end inves-tors internationally.

As a manufacturer-independent integrated developer, the company focuses on tailor-made solar power plant solutions that maximize lifecycle performance and investor returns.

Since 2009 the family-owned company has realized plants with a total rated capacity of over 1.15 GWp world-wide and is currently in the process of constructing a multi-hundred MWp order backlog for 2020/2021. The company is creating business in 55 countries and is additionally progressing a multi-GW Project pipeline across a number of OECD and developing markets from 2020 onwards.

The company operates internationally from its headquarters in Berlin, Germany and offices in the UK, Nether-lands, Spain, France, Poland, Egypt, USA, Australia, India, Singapore, Philippines as well as joint ventures in more than 20 countries.

Visit our website: www.ibvogt.com

ib vogt GmbH · Helmholtzstr. 2-9 · 10587 Berlin · Germany · Phone: +49 30 39 74 40-0
Fax: +49 30 39 74 40-10 · E-mail: info@ibvogt.com · Web: www.ibvogt.com

Press contact: presse@ibvogt.com


About Talanx

With premium income of EUR 34.9 billion (2018) and about 20,000 employees, Talanx is one of the major European insurance groups. The Hannover-based Group is active in more than 150 countries. Talanx operates as a multi-brand provider with a focus on B2B insurance. Under the HDI brand, which can look back on more than 100 years of tradition, Talanx operates both in Germany and abroad in industrial insurance as well as retail business. Further Group brands include Hannover Re, one of the world’s leading reinsurers, Targo insur-ers, PB insurers and neue leben, the latter all specialised in bancassurance, as well as the Polish insurer Warta. Ampega is one of the top asset management companies in Germany and manages the assets of the Talanx Group. It is also an experienced provider of solutions for non-group institutional investors. The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong) and the Hannover Re Group one of AA–/ stable (very strong). Talanx AG is listed on the Frankfurt Stock Exchange in the SDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).

You can find additional information by going to www.talanx.com.

Follow us on Twitter: twitter.com/talanx_en

Current photographs and company logos are available at http://mediathek.talanx.de.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.