IB Vogt Gets New Majority Stakeholder

DIF Capital Partners Acquires 51% Stake In German PV Developer

IB Vogt Gets New Majority Stakeholder

DIF Capital Partners’ DIF Infrastructure Fund VI is investing in ib vogt that touts more than 40 GW of project development pipeline in its portfolio. Pictured is ib vogt’s 64.1 MW solar project in Egypt. (Photo Credit: ib vogt GmbH)

  • DIF Capital Partners has purchased 51% stake in Germany’s ib vogt GmbH
  • It has picked this share for an undisclosed amount from the company’s current 100% shareholder DVV
  • The duo believes this will fast track ib vogt’s transition towards an IPP model wherein it will develop, own, operate solar and storage projects

German utility scale solar PV project developer and EPC service provider ib vogt GmbH has now a new majority shareholder in the form of DIF Capital Partners that has purchased 51% stake in the company from the current shareholder DVV.

DIF is a global independent infrastructure investment fund manager and has secured the stake through its DIF Infrastructure VI Fund that targets equity investments with long-term contracted or regulated income streams in renewable energy projects and platforms among other domains.

Both DIF and DVV maintain that this strategic partnership will fast track ib vogt’s transition towards an independent power producer (IPP) model under which it will develop, own and operate solar and battery storage assets. Once it closes in Q4/2021, the deal will also accelerate ib vogt’s growth program and asset build out.

“The partnership represents an important and transformative next step in our evolution. It will help the company to reach new heights, accelerating the conversion of the tremendous pipeline potential that we have built up, and thereby creating a leading and value-adding IPP platform,” said ib vogt CEO Anton Milner.

Currently, the German PV project developer claims to have more than 2.2 GW of built or under construction capacity and a project development pipeline of over 40 GW.

To support the development of 16 GW of solar project pipeline, in September 2020 ib vogt raised €135 million funding from EIG Global Energy Partners (see IB Vogt Raises €135 Million For Solar Project Pipeline).

About The Author

Anu Bhambhani

Senior News Editor: Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.Before joining our team, Anu worked in various positions at publications of the Times Group in New Delhi. As a Principal Correspondent, she conceptualized special features and supplements for both The Times of India and The Economic Times. While Anu delved deep into solar at TaiyangNews, environment topics have been close to her heart before. As Assistant Editor, she was responsible for launching Planet Earth for The Economic Times, a special series on environment. Before joining the Times Group, Anu was a Copy Editor at the Hindustan Times.Anu holds a Masters degree in Journalism and Mass Communications from the University of Rajasthan. She also studied at the Centre for Science and Environment in New Delhi on E-Outreach: New Media Technologies for Advocacy and Strategic Communication, Social Media

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