Global Infrastructure SherpaBruc Energy secures €474 million financing for 858 MW operating photovoltaic plants
Bruc Energy secured a €474 million non-recourse financing package with BNP AM, Banco Santander, Banco Sabadell, Export Development Canada (EDC), and Banco Cooperativo to refinance existing debt linked to 858 MW of operating photovoltaic plants located in the regions of Andalusia and Aragon.
Source Intelligence
The financing incorporates an accordion feature to accommodate up to 650 MW of Battery Energy Storage Systems (BESS). Quote: "This transaction, classified as “green loan”, refinances the existing debt while structurally embedding Battery Energy Storage Systems (BESS) as a core value lever within the portfolio’s long-term business plan." Quote: "A dedicated accordion tranche has been incorporated to fund battery capex, subject to preagreedtechnical, commercial and financial parameters, allowing BESS deployment to be executed within the existing financing perimeter."
"BRUC agreed to a €474 million non-recourse financing package with BNP AM, Banco Santander, Banco Sabadell, Export Development Canada (EDC), and Banco Cooperativo."
"BRUC agreed to a €474 million non-recourse financing package with BNP AM, Banco Santander, Banco Sabadell, Export Development Canada (EDC), and Banco Cooperativo."
"BRUC agreed to a €474 million non-recourse financing package with BNP AM, Banco Santander, Banco Sabadell, Export Development Canada (EDC), and Banco Cooperativo."
"BRUC agreed to a €474 million non-recourse financing package with BNP AM, Banco Santander, Banco Sabadell, Export Development Canada (EDC), and Banco Cooperativo."
"BRUC agreed to a €474 million non-recourse financing package with BNP AM, Banco Santander, Banco Sabadell, Export Development Canada (EDC), and Banco Cooperativo."
"The assets included in this financing are part of the company owned by BRUC Energy (51%) and Interogo (49 %)."
"BRUC has executed a € 474 million non-recourse portfolio refinancing covering 858 MWp of operating renewable assets, arranged with BNP AM, Banco Santander, Banco Sabadell, Export Development Canada (EDC) and Banco Cooperativo; and the financial advisory of Banco Santander and Astris Finance."