OTPP, PSP-owned Cubico to invest $700 mln in Mexican power projects
Cubico Sustainable Investments has been awarded power purchase agreements in Mexico’s 2nd long-term electricity auction for the 250 megawatt Mezquite wind project and the 290 megawatt Solem solar PV project. Cubico, a U.K.-based renewable energy business, said it will raise financing for US$500 million and will invest, along with its minority partners, US$200 million in equity to start the construction of the projects and have them operational by 2018-2019. Cubico is jointly owned by Ontario Teachers’ Pension Plan (OTPP) and Public Sector Pension Investment Board (PSP Investments).
12 October 2016•3 mins read
