BRUC has renewed a €650 million corporate debt to advance 6.6 GW of solar and wind projects in Spain
The funds will support construction, commissioning, and hybridization of wind and battery storage for existing plants
The debt, classified as a green loan, improves on a €600 million financing agreed in September 2023
BRUC, a Spain-headquartered renewable energy company, has renewed its corporate debt of €650 million ($757 million) to support the advancement of 6.6 GW of clean energy capacity of solar PV and wind energy generation projects in the country.
It says the proceeds will be spent on the construction and commissioning of this portfolio under its business plan. Additionally, it will enable the hybridization of wind and battery storage projects across several operational plants.
With Schroders Capital, Infranity, Instituto de Crédito Oficial, BNP Paribas, Santander, and ING acting as green loan coordinators, the debt is classified as a green loan. It reproduces and improves on the conditions of the financing agreed by BRUC and 7 financial institutions in September 2023. Back then, the company secured €600 million for 8.5 GW of solar and wind energy assets in Spain (see €2.3 Billion To Flow Into European Renewable Energy Projects).
BRUC President Juan Béjar considers it ‘a sign of backing from Europe’s leading financial institutions for the progress of the business project embodied by BRUC.’
BRUC’s current portfolio comprises 1.96 GW in operation, 487 MW under construction, and another 4.15 GW in development. In July 2025, it inaugurated its largest renewable energy generation cluster in Andalusia. Cartago is an 18-project complex of solar PV plants with a combined capacity of 957 MW and 1,875 GWh of annual generation capacity.