OTPP and PSP-backed Cubico to buy five U.S. solar projects
London, U.K.-based renewable energy company Cubico Sustainable Investments has agreed to acquire five solar projects totalling 580 megawatts located in South Carolina, North Carolina and Texas. In addition to the tax equity and debt, Cubico said it will invest up to US$165 million to construct the projects. They will become operational by Q4 2020. Cubico, which is buying the assets from Cypress Creek Renewables LLC, said the transaction facilitates its entry into the U.S. market. Launched in 2015, Cubico is owned by Ontario Teachers’ Pension Plan (OTPP) and Public Sector Pension Investment Board (PSP Investments).
29 January 2019•3 mins read
