Interogo Holding becomes an investor in a portfolio of over 1 GW of operating and under construction assets owned by BRUC

  • BRUC, the renewable energy company founded by Juan Béjar, has incorporated a new partner for its solar photovoltaic generation assets.
  • For BRUC, the addition of Interogo Holding at asset level will further supplement the financial strength provided by its existing shareholders OPTrust and USS in the broader BRUC group.


Interogo Holding, via its infrastructure investment fund Inter Infrastructure Capital (IIC), has entered an agreement to acquire 49% of a 1,066 megawatts (MW) portfolio of operational and under construction solar photovoltaic generation assets within the BRUC group. As usual, the transaction is subject to certain regulatory approvals and other customary closing conditions.

With this transaction, Interogo Holding, investing at asset level, joins OPTrust and Universities Superannuation Scheme (USS), which are already investors within the broader group.

Santander and JP Morgan have acted as financial advisors and Linklaters as legal, on BRUC’s side.

BRUC is a renewable energy company founded in late 2015 by Juan Béjar. At present the group manages a portfolio of 8,500 MW in Spain. Shortly after, OPTrust joined the shareholding of the company. OPTrust is one of Canada’s largest pension funds with assets under management of around C$25bn (at 31 Dec 2022) and manages the OPSEU Pension Plan, a defined benefit plan with over 106,000 members. OPTrust is a global investor in a broad range of assets including Canadian and non-Canadian equities, fixed income, real estate, infrastructure and private equity.

USS joined OPTrust as an investor in the group in May 2021. Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK. USS works with around 330 employers to help build a secure financial future for more than 500,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £90.8bn (at 31 March 2022).

Interogo Holding is a foundation-owned investment group and its infrastructure strategy is advised by IH Infrastructure Advisors. The team targets direct investments, mainly in Europe, across the infrastructure sector. The strategy is to acquire holdings in infrastructure companies that provide essential services to society, are recession resilient, and offer downside protection through stable and predictable cash flows. Interogo Holding’s infrastructure investments are made by its investment fund Inter Infrastructure Capital (IIC), managed by Inter Fund Management, and advised by IH Infrastructure Advisors.

BRUC’s Chairman, Juan Béjar, considers that “the incorporation of a world-class shareholder such as Interogo Holding demonstrates, on the one hand, BRUC’s capacity to create value and, on the other, the confidence of investors with a long-term vision in the ambitious growth project “. In his opinion, “having investors such as OPTrust, USS and Interogo Holding gives us the financial strength we need to continue creating a great leader in renewable energy“.


For more information
José Manuel Velasco
(+34) 654315520

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