BDO Spain has advised NextEnergy Capital, a global firm specializing in solar energy investments, on the recent acquisition of Pato Solar, a 110 MWp photovoltaic project located in Segovia, from ib vogt GmbH.
This 110MW solar portfolio marks the seventh investment that the Fund has made. This transaction takes NPV ESG to over 590MW committed to date with a further 525MW of Solar PV and BESS in advanced negotiation. Of the 590MW, more than c.220MW assets are in operation with additional 230MW of this is finalising construction and will shortly become operational.
Antonio Salvati, Managing Director NextPower V ESG at NextEnergy Capital, commented:“NPV ESG continues to deploy its capital at pace. We are delighted to conclude this transaction with ib vogt, which takes NPV ESG to an operational capacity of 226MW, further strengthening our position in the European renewable energy market. We continue to invest in the Iberian market through our Madrid and Seville offices. NextPower V expects to double the operational solar capacity in Europe over the next 12 months, driving energy security and affordability for the region.
Andreas Schell, CEO ofib vogt GmbHquoted:“We’re proud to celebrate the successful sale of the Pato project to our partners at NextPower V ESG. Solar energy is one of the most effective tools we have to deliver clean, secure, and affordable power at scale. The successful sale of the Pato solar farm is not only a milestone for our company and our partners—it also brings long-term economic and environmental benefits to local communities and supports national energy resilience.These projects contribute directly to sustainability goals while strengthening local economies, generating clean energy, and protecting ecosystems. We are proud to deliver impactful, future-ready infrastructure that meets investor expectations and drives real-world value across the board.”
The BDO Deal Advisory and BDO Legal teams provided financial and tax due diligence services, as well as support in the analysis of the locked-box period.
The Spanish BDO team was composed of: Raul Lopez Moro, David Romera Martín, Fernando Muñoz del Campo, Clemente Sanz Veiga, Guillermo Casado Martín, and Josue Yong.
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