Watson Farley & Williams Greece (“WFW”) advised ib vogt GmbH (“ib vogt”) on the sale of its Greek PV and BESS portfolio to Faria Renewables. The portfolio comprises approximately 780 MWp of solar PV and BESS projects, held by special purpose vehicles, at varying stages of development. WFW Athens supported ib vogt through all stages of the transaction, from the bidding process to the drafting, negotiation and completion of the share purchase agreement.
Established in 2002, ib vogt is a leading utility-scale solar development platform with a 20-year track record and global presence.
The WFW Athens Project & Structured Finance team that advised ib vogt was led by Partner Virginia Murray and Senior Associate Georgia Mathiopoulou, supported by Senior Associate Vasso Koumpli and Associate Asimina Papakosta.
Virginia commented: “We are delighted to have supported ib vogt’s expert team on this complex transaction and to have leveraged our decades of experience in the Greek renewables industry and extensive M&A expertise to close the deal for them on time”.
Nikolaos Karagiovanidis, Managing Director of ib vogt Hellas, added: “The contribution of WFW’s experienced and hardworking team was of the utmost importance. They worked closely with our team at ib vogt comprised of Legal Counsel Eric Buchman and Hercus Gabartas, Senior Transaction Manager Enes Tatbak and Senior Project Development Managers Konstantina Skoufi and Kerasoula Tasiopoulou to close this complex transaction”.
