Bruc Energy and Alter Enersun Partner to Develop 550 MW Solar Projects in Spain

Jan 4, 2021 11:59 AM ET
  • The team, chaired by Juan Béjar, got to a contract to acquire 55% of 12 plants incomplete as well as growth in Andalusia and also Extremadura.
Bruc Energy and Alter Enersun Partner to Develop 550 MW Solar Projects in Spain

December 30th.- Bruc Energy has actually reached a contract with Alter Enersun to buy 55% of 12 photovoltaic or pv solar power plants, totalling 550 MW. Both companies have actually created a new firm called Bruc Alter Enersun, which will certainly incorporate these assets, every one of them in the construction phase and also under innovative growth in Andalusia as well as Extremadura. Modify will certainly have 45% of the capital of this brand-new firm.

The agreement is the outcome of the corresponding toughness of both business and a long-lasting vision of the renewable energy manufacturing business in Spain. The new business will certainly be led by Juan Béjar in behalf of Bruc and José Luis Morlanes in behalf of Alter Enersun.

Bruc Alter Enersun will begin operations in March, with the first investment of the joint venture being a photovoltaic or pv solar power plant called "Huelva 2021", occupying 95 hectares in the town of Huelva. Its 113,000 photovoltaic panels have a mounted capacity of 50 MW, which can produce 100 GWh per year, the normal intake of 30,133 homes. It will stay clear of the emission of 18,735 lots of CO2 per year.

Juan Béjar takes into consideration that this operation "consolidates Bruc as one of the key players in the green energy industry in Spain". In his viewpoint, "the decarbonization of the economic situation is an ecological responsibility and also at the same time an opportunity to attract investment and also create commercial work."

José Luis Morlanes, for his part, highlights the strong development price of Alter Enersun, "which will now be sped up by the contract with Bruc Energy". Alter's CEO is devoted to "collaboration in between firms as well as with organizations to progress the Sustainable Development Goals (SDGs), especially those that go after ecological sustainability."

Bruc Energy is one of the investment automobiles of Bruc Management, a fund manager operating in the renewable resource industry. Although that its initial financial investments were found in Japan, where it has a portfolio of 60 MW, it has had a quick development in Spain in current months. With the procedure carried out with Alter Enersun, Bruc already has around 1,500 MW in operation or under advancement in the Iberian Peninsula.

Change Enersun was established in 2009 with the vision of becoming one of the very first standard companies in the renewable energy market, particularly in the manufacturing of photovoltaic or pv power in the Iberian Peninsula. It currently has greater than 140 roof covering and also ground installments in Spain and also Portugal and also creates 1,000 MW solar and wind power, of which 50% will certainly start building and construction before completion of 2021.

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