Spanish outfit Bruc, Germany's IBC Solar to establish 20-MW PV portfolio in Japan
- Bruc Japan, a renewables system run by Spanish fund supervisor Bruc Management, authorized a collaboration contract with German PV and energy storage designer IBC Solar to create a 20-MW solar portfolio in Japan.
The duo prepares to construct 16 solar farms at several places in Japan, Bruc Management introduced on Monday. The projects will certainly require a financial investment of some EUR 40 million (USD 48.8 m) to have actually the plants developed and also in operation.
The solar farms will operate under a feed-in-tariff system and accumulate assured earnings for two decades, the Spanish fund manager added.
With the current setup, Bruc Japan boosts the dimension of its portfolio to 60 MW of projects in operation, building and construction, and also under advancement, according to Bruc Management.
The announcement begins the heels of Bruc Management's deal to offer a 50% stake in Spain- as well as Portugal-oriented solar vehicle Bruc Energy to UK personal pension fund, the Universities Superannuation Scheme (USS). Bruc Energy has 4,000 MW in the solar project pipeline as well as aspirations to grow past solar, Bruc Management highlighted.