Bruc Energy protects 100 MW of solar in Spanish renewables tender

• Bruc Energy, a renewables-focused financial investment automobile chaired by Spanish business owner Juan Bejar and backed by pension funds OPTrust and also USS, validated that it has secured 100 MW of solar photovoltaic (PV) capability in Spain's most current green power tender held a week earlier.

The firm won the capacity with 3 whole lots, 2 35-MW projects as well as among 30 MW, as the official results have actually shown.

Bruc stated that these projects are part of its 5,000 MW portfolio, which boasts 100 MW in operation, 210 MW under construction, 544 MW nearing the building and construction phase and the rest in numerous stages of growth.

Spain's 2nd renewable resource auction this year awarded 3,124 MW of wind and also solar power for an average price of EUR 30.5 (USD 35.54) per MWh.

"The rates reached in the auction reveal that renewable energies are one of the most structurally efficient mechanism to lower the expense of energy and also, obviously, to add to the decarbonization of the energy system", Bruc's head of state, Juan Bejar, claimed.

The auction, which stood for the second time that the pay-as-bid design was utilized, was likewise focused on projects that can start power supply by end-September of 2022 at the earliest as well as by June 30, 2024 at the most up to date.