Bruc, the renewables energy group managed by Juan Béjar, has signed an agreement with IBC SOLAR, a global leader in photovoltaic (PV) systems and energy storage, to develop a portfolio of 20 MW of solar photovoltaic energy in Japan. With this transaction, Bruc Japan portfolio amounts to 60 MW in operation, construction, and development status.
Bruc Japan, the investment vehicle of Bruc Management for the Japanese market, has signed an agreement with the German company IBC SOLAR to build 16 solar photovoltaic plants in several locations of the Japanese territory, with a total installed capacity of 20 MW. This agreement will require an investment of 40 million euros for the plants to be built and come into operation. The plants are under a fixed price scheme (feed-in-tariff) that guarantees stable revenues for the energy produced for 20 years.
Japan is at the origins of Bruc Management. It is an attractive market for regulatory and economic reasons. In fact, it is one of the few countries in the world to keep a fixed price scheme for the retribution of renewable-generated electricity. Moreover, it supports small and medium distributed generation facilities that serve local communities and businesses.
With this transaction, Bruc continues with its growing process in the Iberian and Japanese markets. Recently, Universities Superannuation Scheme (USS), the largest private pension scheme in United Kingdom in terms of assets, acquired a 50% stake in Bruc Energy, the investment vehicle focused on renewable energies in Spain and Portugal that was created by the Canadian pension fund OPTrust and the Spanish businessman Juan Béjar. With a consolidated portfolio of 4,000 MW, Bruc Energy has an ambitious growth plan that goes beyond these 4,000 MW and that looks at investing not only in solar but also in other green energies, such as wind power.
