Antolin signs VPPA with BRUC for 100 GWh/year from two new solar plants in Spain

Antolin's 10-year virtual power purchase agreement with BRUC for 100 GWh annually from two new Spanish solar plants strategically locks in 60% of its European electricity consumption. This long-term VPPA offers Antolin significant energy cost stability, shielding the company from potential market volatility over the next decade. For BRUC, securing this off-take agreement for assets currently under construction in Spain provides critical revenue certainty, de-risking project financing and supporting its development pipeline. The virtual structure allows Antolin to support new renewable generation without direct physical delivery complexities, aligning its operations with sustainability objectives. This deal represents a direct corporate commitment to new build solar capacity in Spain. BRUC, a Madrid-based developer backed by institutional investors USS and OPTrust, leverages this agreement to underpin two new solar PV plants, adding to its approximately 8.5 GW portfolio of solar PV and onshore wind projects. This 10-year VPPA provides the stable, long-term cash flows typically sought by institutional capital for renewable assets in Spain. Schneider Electric's SE Advisory Services, drawing on its parent company's €36B+ global revenue and extensive energy management expertise, advised on the transaction, demonstrating the increasing demand for specialized guidance in complex corporate energy procurement. The deal further illustrates the accelerating trend of corporate PPAs driving new utility-scale renewable energy development across Europe, particularly within Spain's growing solar market.