International solar developer platform ib vogt has signed a virtual Power Purchase Agreement (vPPA) with Corning Incorporated, one of the world’s leading innovators in material science, for a capacity of 88.78 MWp. The deal will supply electricity from the Pato solar power farm, located in the eastern region of Segovia, Spain, to the grid.
Under the agreement, power consumption by Corning’s facilities will be offset with renewable electricity from the solar plant, eliminating the need for the physical delivery of energy directly from the farm to these facilities. The PV project was developed by ib vogt and will reach its commercial operation date by Q2 of 2025.
The Pato solar farm will produce about 215.6 GWh of clean solar power per year using bifacial single portrait tracker solar panels. This project will provide the equivalent of 55,000 households with green energy and prevent up to 47,000 tons of CO2 emissions every year over the project's lifespan.
In addition, ib vogt is engaging in a number of measures to mitigate risks to the environment on site. This includes the creation of two ponds to provide water for wildlife, as well as to conserve the amphibian population. ib vogt is setting up a provision of nest boxes for owls and nestboxes hidden in stone cairns for owlets, as well as erecting stands of native flora throughout the site.
Anton Milner, CEO of ib vogt, expressed his appreciation to everyone who contributed to the successful completion of this PPA, especially Corning for their cooperation in advancing the energy transition in Europe. “We are happy to offer the necessary capacity for companies that want to achieve their environmental sustainability goals through corporate PPAs. Our pipeline of projects delivers clean and renewable energy sources for both businesses operating in throughout Europe and the people living there.”
The Pato solar farm is part of the Segovia cluster that totals 513 MWp with several projects in their final stages. Projects like Pato help to move Spain’s 2050 goals of reaching national climate neutrality, 100% renewable energy in the electricity mix, and 97% renewable energy in the total energy mix.
This achievement was accomplished with the outstanding support from a few selected advisors for ib vogt, including Pinsent Mason as legal advisor and World Kinect as the PPA advisor.
Under the agreement, power consumption by Corning’s facilities will be offset with renewable electricity from the solar plant, eliminating the need for the physical delivery of energy directly from the farm to these facilities. The PV project was developed by ib vogt and will reach its commercial operation date by Q2 of 2025.
The Pato solar farm will produce about 215.6 GWh of clean solar power per year using bifacial single portrait tracker solar panels. This project will provide the equivalent of 55,000 households with green energy and prevent up to 47,000 tons of CO2 emissions every year over the project's lifespan.
In addition, ib vogt is engaging in a number of measures to mitigate risks to the environment on site. This includes the creation of two ponds to provide water for wildlife, as well as to conserve the amphibian population. ib vogt is setting up a provision of nest boxes for owls and nestboxes hidden in stone cairns for owlets, as well as erecting stands of native flora throughout the site.
Anton Milner, CEO of ib vogt, expressed his appreciation to everyone who contributed to the successful completion of this PPA, especially Corning for their cooperation in advancing the energy transition in Europe. “We are happy to offer the necessary capacity for companies that want to achieve their environmental sustainability goals through corporate PPAs. Our pipeline of projects delivers clean and renewable energy sources for both businesses operating in throughout Europe and the people living there.”
The Pato solar farm is part of the Segovia cluster that totals 513 MWp with several projects in their final stages. Projects like Pato help to move Spain’s 2050 goals of reaching national climate neutrality, 100% renewable energy in the electricity mix, and 97% renewable energy in the total energy mix.
This achievement was accomplished with the outstanding support from a few selected advisors for ib vogt, including Pinsent Mason as legal advisor and World Kinect as the PPA advisor.
