Cubico Sustainable Investments has strengthened its presence and development portfolio in Mexico with the acquisition of Renantis Mexico and a strategic agreement with Sowitec Group. Financial terms were not disclosed.
The acquisitions comprise at least 12 solar and hybrid projects across seven states and in various stages of development, adding more than 1.6 gigawatts of capacity to Cubico’s development pipeline in Mexico. This brings the total size of the business’ Mexican portfolio to 2.2 gigawatts, with Cubico’s three operational projects, Mezquite and Solem 1 and 2.
“We are delighted to announce the completion of these two transactions which reinforce our commitment to delivering projects that will contribute to both reducing greenhouse gas emissions and driving Mexico’s future economic growth,” said Osvaldo Rance, country head for Mexico at Cubico Sustainable Investments. “We are confident that these projects will play a vital role in meeting the gr
