Britain’s pension fund USS invests 225 million euros in Spanish renewables By Reuters
MADRID (Reuters) - British private pension fund Universities Superannuation Scheme (USS) said on Monday it has invested 225 million euros ($273 million) to take a 50% stake in Bruc Energy, which develops renewable energy projects in Spain and Portugal. The inflow of cash into renewables in the Iberian peninsula is an encouraging sign for the industry after recent setbacks. Renewable power group Opdenergy shelved an initial public offering two weeks ago citing "unstable conditions in markets" and shares of rival Econener plummeted 15% on their first day of trading a few days earlier. Bruc Energy, which...
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