Watson Farley & Williams (“WFW”) advised NextEnergy Capital (“NextEnergy”) on the acquisition via its NextPower V ESG fund of the 110 MW Pato solar pv project in Segovia, Spain, from IB Vogt.
The Pato solar farm will generate approximately 215.6 GWh of clean energy annually—enough to power 55,000 households and prevent 47,000 tons of CO2 emissions per year. Both parties will collaborate to hybridise the site with BESS over the coming years. The site uses bifacial tracking solar panels, maximising efficiency and sustainability over its lifecycle.
UK-based NextEnergy Capital is a leading global renewables manager specialising in the solar+ infrastructure sector. To date, it has invested in 460+ solar plants with a total installed capacity of 3+GW.
Committed to the decarbonisation of the global electricity sector, Berlin-headquartered IB Vogt focusses on developing turnkey PV plants and battery storage projects as well as the expansion of its IPP portfolio.
The WFW Madrid Corporate team that advised NextEnergy was led by Corporate Partner Javier Ester working closely with Senior Associate Román Pazos and Associates Mar Clavijo and Sonia Camps.
Javier commented: “We are very proud to have advised NextEnergy on this deal. It highlights the growing importance of renewables in Spain and exemplifies WFW’s deep sector expertise and commitment to helping clients close major transactions successfully”.
