BRUC, a Spain-based solar and wind project developer, has renewed its corporate debt financing for up to €650 million (~$757.6 million).
Schroders Capital, Infranity, Instituto de Crédito Oficial, BNP Paribas, Santander, and ING provided the financing, with Santander and ING also acting as green loan coordinators.
The financing will support the company’s portfolio of solar and wind projects totaling 6,600 MW in the construction and commissioning stages, located across Spain. It will also enable the hybridization of its various operational projects through the addition of wind and battery storage systems.
The green loan improves on the conditions of the financing agreed by BRUC and seven financial institutions in September 2023 to develop the company’s business plan.
The company currently has over 1.9 GW in operation, 487 under construction, and 4.15 GW under development. According to the company, it produced more than 1.6 TWh of clean electricity in the first half of 2025.
“The financial institutions are aware that BRUC’s asset portfolio is supported by solid and long-term international shareholders, the professional capabilities of the management team, and a global environment which, beyond short-term opinions, is favorable to the rapid development of clean energies due to their contribution to energy independence and the fight against climate change.” Luis Venero, CEO, BRUC.
Last year in April, the company secured €570 million (~$608.44 million) in financing for the construction of 842 MW of solar projects. The construction of the projects will be partially funded with these funds, which are located in the provinces of Seville, Malaga, Cadiz, and Soria.
Previously, the company acquired six new solar projects with a cumulative capacity of 384 MW from independent renewable energy producer Opdenergy in December 2022.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, large-scale project funding increased by 65% in the first half of 2025 compared to the same period in 2024.
