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Bruc Energy, the company owned by Ontario Pension Trust (OPT) and Juan Béjar, has signed an exclusive agreement with Forestalia to acquire energy production plants with solar photovoltaic (PV) technology totalling 2000 MW.
The plants that are the object of the transaction are located in the provinces of Zaragoza and Terue, Aragón, Spain. All of them already have access to the transmission grid and are in administrative processing, following the terms and requirements of Royal Decree-Law 23/2020. Forestalia will continue to develop the facilities, which will be acquired by Bruc Energy when they reach the ‘ready to build’ status.
The solar facilities will be located in the provinces of Zaragoza and Terue in Aragón, Spain
Bruc to acquire 2000MW solar energy. (Credit: Michael Schwarzenberger from Pixabay.)
Bruc Energy, a company owned by Ontario Pension Trust (OPT) and Juan Béjar, has reached an agreement with renewable energy firm Forestalia, to acquire its 2GW photovoltaic solar energy plants.
The solar projects to be acquired by the Bruc Energy will be located in the provinces of Zaragoza and Terue in Aragón, Spain, and are already in possession of the environmental impact statement, said the company.
Also, all of the solar plants are provided with access to the transmission grid and are in administrative processing.
By Reuters Staff
2 Min Read
MADRID, Jan 20 (Reuters) - Bruc Energy, an investment firm owned by a Canadian pension fund and a high-profile Spanish businessman, has agreed to buy 2 gigawatts of assets to add to its holdings in the fast-growing Spanish solar energy sector, the company said on Wednesday.
Spain’s prodigious sunshine, broad flat plains and political drive to increase a relatively small solar generation capacity are drawing widespread investor interest, tracking a global shift towards reducing carbon emissions to halt climate change.
Bruc Energy, a vehicle controlled by Spanish businessman Juan Bejar and the Ontario Pension Trust, agreed to buy the 2 gigawatts (GW) of solar capacity in the landlocked region of Aragon.