Spanish private equity firm BRUC has invested €2.26billion (US$1.34 billion) to build solar PV projects in the Spanish autonomous community of Andalusia.
Average winning solar bids in Spain’s renewables auction this week came in above those for wind as interest among PV bidders faltered against a backdrop of rising equipment costs and regulatory uncertainty.
Spain’s latest renewables auction closed with solar PV bidders being awarded just 866MW of capacity, with players such as Naturgy and Bruc among the winning participants.
