Bruc secures €370 million financing for 659 MW solar and 1.6 GWh battery storage projects in Spain
Type: Financing · Technology: Hybrid · Country: Spain · Capacity: 659 MW · Value: EUR 370M · Announced: 2026-05-29
Bruc closed a €370 million financing agreement with Banco Santander and Banco Sabadell to develop 659 MW of photovoltaic capacity in Spain, including hybrid integration with 1.6 GWh of battery energy storage systems (BESS). The financing, structured as a green loan with ESG criteria, will enable the construction of multiple solar projects slated for operation in 2027. The hybrid configuration combines solar generation with battery storage to enhance grid stability and energy dispatch flexibility. This financing round underscores the growing role of commercial banks in supporting large-scale renewable energy projects with integrated storage solutions in Spain.
Counterparties
- Banco Sabadell (Lender)
- BRUC (Developer)
- Banco Santander (Lender)
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