Cubico Sustainable Investments will start life with a portfolio valued at more than $2bn, after Santander transferred 19 existing wind, solar and water assets into the new venture.
The Spanish group launched Cubico with Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board, after signalling late last year that they planned to link up.
The partners said Cubico “is committed to a long-term growth strategy designed to make it one of the largest and best in class renewable energy and water investors in the world”.
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