PV – Cubico Sustainable Investments Agrees to Purchase Photo voltaic Challenge in Portugal

The Cabrela photo voltaic undertaking, which will likely be acquired from impartial energy producer Neoen, takes Cubico’s operational portfolio in Iberia to just about 600 MW, with an extra 250 MW in growth.

Cubico was supported by Gómez-Acebo & Pombo (authorized), Vector Renewables (technical) and EY (monetary, tax and mannequin audit).

 José Canales, Nation Head for Iberia at Cubico, stated, “This transaction consolidates Cubico’s place within the Portuguese market and can enable us to capitalise on synergies with our present portfolio within the nation. It additionally reaffirms our place as one of many largest house owners of regulated PV property in Iberia.”

Cubico Sustainable Investments is a significant investor within the renewable power sector. The corporate is backed by the assets of Ontario Academics’ Pension Plan, Canada’s largest single-profession pension plan, and PSP Investments, one in all Canada’s largest pension funding managers.

Cubico’s world portfolio in 12 international locations has an put in gross capability of greater than 3 GW, with 2 GW in development and beneath growth. Cubico is headquartered in London and has places of work in São Paulo and Fortaleza (Brazil), Athens (Greece), Milan (Italy), Stamford (US), Mexico Metropolis (Mexico), Madrid (Spain), Bordeaux (France), Sydney and Melbourne (Australia), Montevideo (Uruguay) and Bogotá (Colombia).