Cubico Bolsters Renewable Energy Presence in Mexico with Twin Deals
- Cubico Sustainable Investments expands its renewable energy portfolio in Mexico, adding over 1.6 GW of capacity and aiming to meet the region's growing demand for clean energy.
Cubico Sustainable Investments has acquired Renantis Mexico and signed a strategic agreement with Sowitec Group to expand its renewable energy portfolio in Mexico. The acquisitions include at least 12 solar and hybrid projects across 7 states, adding over 1.6 GW of capacity to Cubico's development portfolio in Mexico. This brings the total size of the company's Mexican portfolio to 2.2 GW. The projects are located in regions experiencing high levels of fossil fuel electricity generation and significant energy demand growth, offering opportunities for clean energy development. Cubico aims to meet the growing demand for clean energy in the region and work with both public and private off takers.
Cubico's total development portfolio now stands at 5 GW of greenfield projects across the US, UK, Spain, Italy, Australia, and Mexico. The company's acquisitions in Mexico reflect its commitment to expanding its renewable energy platform in the country and advancing the renewable energy transition. Cubico plans to leverage its local knowledge and expertise to expand its portfolios within existing markets.
How is Cubico Sustainable Investments expanding its renewable energy portfolio in Mexico?
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