OTPP and PSP-backed Cubico acquires British solar parks
Cubico Sustainable Investments has acquired ten U.K. operational solar projects totaling 65 megawatts from British Solar Renewables. Financing of eight of the parks was arranged in a facility with National Australia Bank. The other parks are expected to enter the facility shortly, taking total debt for the acquired assets to £60 million. With the deal, Cubico’s portfolio now comprises 29 wind, solar and water infrastructure assets located in eight countries. Cubico was launched in May 2015 with the backing of Canada's Ontario Teachers’ Pension Plan (OTPP) and PSP Investments in partnership with Banco Santander SA.
30 June 2016•3 mins read
