Cubico takes 100% ownership of Grupo T-Solar
Transactions - JUNE 30, 2021

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Cubico takes 100% ownership of Grupo T-Solar

by Kali Persall

Cubico Sustainable Investments has acquired the remaining minority shareholding of Grupo T-Solar from MEAG, making Cubico the sole owner of the 274-megawatt platform.

The platform consists of 47 operational assets, including 167 megawatts of solar photovoltaic and 100 megawatts of concentrated solar power (CSP) across Spain, as well as 7 megawatts of solar photovoltaic in Italy.

Following the acquisition, Cubico’s total operational capacity in Iberia will grow to 542 megawatts, comprising a diversified portfolio of wind, solar photovoltaic and CSP assets.

“The acquisition of the remaining equity stake from MEAG is in line with our original investment strategy to acquire 100 percent of the platform and will enable us the flexibility to optimize the portfolio,” said David Swindin, head of EMEA at Cubico. “The wider acquisition aligns with our strategy to grow the business via projects which deliver stable, high-quality cash flows to our shareholders over t

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