Bruc Energy raises $554 million to refinance debt and add battery storage to 858MW solar portfolio

Deal Size

BRUC has raised €474 million (US$554 million) to facilitate the addition of battery energy storage systems (BESS) to an existing solar PV portfolio of 858MW in Spain.

Capacity

BRUC has raised €474 million (US$554 million) to facilitate the addition of battery energy storage systems (BESS) to an existing solar PV portfolio of 858MW in Spain.

Location

BRUC has raised €474 million (US$554 million) to facilitate the addition of battery energy storage systems (BESS) to an existing solar PV portfolio of 858MW in Spain. The non-recourse financing will be used to refinance the debt of the portfolio, which consists of projects in the regions of Andalusia, Aragon and Extremadura, and allows for the future financing of 650MW of new BESS at the facilities.

PPA Details

The company noted that power generated at these projects, should they be co-located with batteries, would be sold under “hybrid” power purchase agreements (PPAs), “subject to previously agreed technical, commercial and financial parameters”.

Announcement

By JP Casey January 5, 2026

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BRUC developer

"Spanish renewable energy developer BRUC has raised €474 million (US$554 million) to facilitate the addition of battery energy storage systems (BESS) to an existing solar PV portfolio of 858MW in Spain."

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Banco Cooperativo lender

"The financing comes from a number of organisations—Banco Cooperativo, Banco Sabadell, BNP AM, Export Development Canada and Santander—some of which have worked with the company in the past."

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Banco Sabadell lender

"The financing comes from a number of organisations—Banco Cooperativo, Banco Sabadell, BNP AM, Export Development Canada and Santander—some of which have worked with the company in the past."

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BNP AM lender

"The financing comes from a number of organisations—Banco Cooperativo, Banco Sabadell, BNP AM, Export Development Canada and Santander—some of which have worked with the company in the past."

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Export Development Canada lender

"The financing comes from a number of organisations—Banco Cooperativo, Banco Sabadell, BNP AM, Export Development Canada and Santander—some of which have worked with the company in the past."

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Santander lender

"The financing comes from a number of organisations—Banco Cooperativo, Banco Sabadell, BNP AM, Export Development Canada and Santander—some of which have worked with the company in the past."