Cubico Sustainable Investments, the London-based renewables operator owned by two Canadian pension funds, has entered the US market, buying a 580MW portfolio of solar projects from developer Cypress Creek Renewables.
The pipeline acquisition, whose financial terms were not disclosed, adds a big new market to Cubico’s plans, expanding its presence beyond Latin America and Europe.
Cubico reveals that it reached financial close last month at the first project in the portfolio, a planned PV array in South Carolina, using tax equity from US Bank.
