20 Jan BRUC closes 2024 with 1895 MW in operation and under construction

Posted at 11:19h in News by
  • The company already has 968 MW in operation and 927 MW under construction.
  • A further 425 MW will come into operation during 2025.
  • The company has strengthened its commitment to sustainability and decarbonization.

 

Madrid, January 20, 2025 – BRUC, one of the fastest growing and most dynamic companies in the renewable energy sector, has closed the year 2024 with 968 megawatts (MW) in operation, representing an increase of 95 % compared to the end of 2023, in addition to having 927 MW under construction. However, it already manages a total of 1,538 MW in operation if 100% of the assets held by the companies shared with Interogo and Alter Enersun are taken into account.

To the 968 MW in operation, 425 MW will be added in 2025, corresponding to generation plants located in the provinces of Malaga, Seville and Cadiz, reaching a total of 1,393 MW of photovoltaic solar energy in operation by the end of the current year. In addition, BRUC plans to start construction during 2025 of two photovoltaic clusters with a total capacity of 278 MW, located in the provinces of Valladolid and Zaragoza.

During 2024, the plants managed by BRUC generated 2,018 gigawatt-hours (GWh) of clean energy. This production has avoided the emission of 524,785 tons of CO2, which is equivalent to the pollution of 353,221 combustion vehicles. In addition, the energy produced could supply the consumption of 512,936 households in Spain, underscoring the company’s impact on the country’s energy transition.

Financing for the construction and operation of its asset portfolio is secured through agreements with major national and international financial institutions. All these agreements comply with the criteria of the Green Loan Principles. In addition, BRUC sells the energy generated in the wholesale market or through PPA (Power Purchase Agreement) contracts with leading companies. The strength of the shareholder base, comprising the pension funds OPTrust, USS and Interogo, supports the development of its ambitious business plan.

“We continue to meet the targets set out in the business plan in terms of both plants in operation and assets under construction,” says Juan Béjar, president of BRUC. “Pending the regulatory development of capacity markets, BRUC has started to invest in the hybridization of PV plants with wind and storage,” adds Luis Venero, CEO of BRUC.

Boosting sustainability

BRUC understands that leadership in the energy and economic transition goes far beyond renewable energy generation. This leadership involves a holistic commitment that encompasses a number of interrelated factors, such as implementing sound policies, collaborating with diverse sectors, and promoting education. In line with this vision, BRUC is dedicated to fostering sustainable growth, where environmental protection, social commitment and the adoption of good corporate governance practices are core values that guide all its operations and strategic decisions.

BRUC’s business is fully aligned with European sustainability and decarbonization plans and regulations, the United Nations Sustainable Development Goals (SDGs), as well as international plans for the fight against climate change. This alignment underscores the company’s commitment to a business model that promotes sustainable development as the core of its long-term strategy.

In 2024, the company has taken a significant step forward by reinforcing its commitment to sustainability, with the aim of consolidating its market positioning, increasing the trust of its stakeholders and, at the same time, minimizing the impact of its activities on the environment. BRUC’s approach is based on solid principles of ethics, transparency, responsibility and sustainability, which guide its actions in the three fundamental areas: environmental, social and economic.

About BRUC

BRUC is one of the largest and most dynamic renewable energy groups in Spain. Founded by the entrepreneur Juan Béjar, the shareholder is composed of OPTrust, USS and Interogo Holding. Luis Venero is the company’s CEO.

BRUC believes that an energy transition to a decarbonized economy is urgently required. Part of this transition rests on the development of clean energies, whose contribution to countries’ energy systems must be growing. BRUC’s mission is to generate attractive investment opportunities in the field of renewable energies and to manage assets with the objective of contributing to the sustainability of energy supply systems and substantially reducing their environmental impact.

BRUC currently has a portfolio of assets in Spain and Japan (solar PV, wind and storage) totaling 9,100 MW in operation, construction and development.

 

Contact: José Manuel Velasco
jmvelasco@brucenergy.com (+34) 654315520