ib vogt receives?135 million commitment from EIG for future growth
ib vogt and EIG announce a?135 million commitment to finance ib vogt's project development pipeline
(PresseBox) - German-based company ib vogt and EIG Global Energy Partners (?EIG?), a leading institutional investor in the global energy and infrastructure sectors, have successfully closed a ?135 million commitment by funds managed by EIG to primarily fund ib vogt?s project development pipeline. This investment will support the realization of ib vogt?s global pipeline of solar projects in the coming years and contribute to meeting the strong growth in global demand for clean electricity.
?This investment is an important milestone for the company and can substantially underpin and boost our rapid growth. Our company has developed a global pipeline of solar projects in excess of 16 GWp, and the investment from EIG now gives us more flexibility and opens up new possibilities for the achievement of our strategic goals,? says Anton Milner, CEO of ib vogt GmbH. ?We are particularly pleased to have established this partnership with EIG as one of the global leaders in this type of tailored, innovative structured financing in the sector and with a deep understanding of the renewable electricity markets.?
?This investment is indicative of the broad opportunities EIG sees in sustainable investing and is consistent with EIG?s historic investment style,? said R. Blair Thomas, CEO of EIG. ?We are delighted to be partnering with ib vogt, a globally recognized developer which has over 10 years of experience and a proven track record,? said Jean?Daniel Borgeaud, Managing Director and Head of Power & Renewables at EIG. ?The company?s global presence supports a strong pipeline of projects diversified by region and stage of development. The fully?integrated business model also allows for specialization across development, design & engineering, financing, operation, maintenance and management of solar power plants and provides a unique level of control and exposure to cash flows throughout the full project cycle.?
-> About ib vogt
Established in 2002, ib vogt GmbH specializes in the development, design & engineering, financing, EPC, operation & maintenance and asset management of solar power plants. As a manufacturer?independent integrated developer, ib vogt provides high?quality turnkey solar power plant solutions, designed and engineered in Germany, to end investors internationally.
Since 2009 ib vogt has realized plants with a total rated capacity of over 1.53 GWp worldwide and is currently in the process of constructing a multi?hundred MWp order backlog for 2020/2021. The company is creating business in 43 countries and is additionally progressing a multi?GW project pipeline across a number of OECD and developing markets from 2020 onwards.
The company operates internationally from its headquarters in Berlin, Germany and offices in the UK, the Netherlands, Spain, France, Poland, Egypt, USA, Australia, India, Singapore, and the Philippines, as well as joint ventures in more than 20 countries. Visit ib vogt''s website: www.ibvogt.com
-> About EIG Global Energy Partners
EIG Global Energy Partners is a leading institutional investor to the global energy and infrastructure sectors with $22.9 billion under management as of June 30, 2020. EIG specializes in private investments in energy and related infrastructure on a global basis. During its 38?year history, EIG has committed over $34.2 billion to the energy and infrastructure sectors through 363 projects or companies in 36 countries on six continents. EIG''s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG''s website at www.eigpartners.com.
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->About ib vogtEstablished in 2002, ib vogt GmbH specializes in the development, design&engineering, financing, EPC, operation&maintenance and asset management of solar power plants. As a manufacturer?independent integrated developer, ib vogt provides high?quality turnkey solar power plant solutions, designed and engineered in Germany, to end investors internationally.Since 2009 ib vogt has realized plants with a total rated capacity of over 1.53 GWp worldwide and is currently in the process of constructing a multi?hundred MWp order backlog for 2020/2021. The company is creating business in 43 countries and is additionally progressing a multi?GW project pipeline across a number of OECD and developing markets from 2020 onwards.The company operates internationally from its headquarters in Berlin, Germany and offices in the UK, the Netherlands, Spain, France, Poland, Egypt, USA, Australia, India, Singapore, and the Philippines, as well as joint ventures in more than 20 countries. Visit ib vogt''s website: www.ibvogt.com->About EIG Global Energy PartnersEIG Global Energy Partners is a leading institutional investor to the global energy and infrastructure sectors with $22.9 billion under management as of June 30, 2020. EIG specializes in private investments in energy and related infrastructure on a global basis. During its 38?year history, EIG has committed over $34.2 billion to the energy and infrastructure sectors through 363 projects or companies in 36 countries on six continents. EIG''s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in theU.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG''s website at www.eigpartners.com.
Datum: 03.09.2020 - 07:14 Uhr
Sprache: Deutsch
News-ID 1560516
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