I Squared Capital announced that its renewables platform Cube Green Energy has signed an agreement to acquire control of SUNfarming, a German photovoltaic (PV) developer and independent power producer with a focus on solar projects on agricultural land, known as “Agri-PV.” By joining forces with the founders of SUNfarming, Cube Green Energy will have an early-mover advantage in Germany’s Agri-PV market, unlocking synergies and advancing the company’s commitment to innovative solutions for Germany’s energy transition goals.
Through the combination, I Squared and Cube Green Energy will support SUNfarming in planning, constructing and operating its ambitious pipeline. I Squared is targeting to deploy more than €500 million ($537 million) of capital expenditure into the execution of SUNfarming’s Agri-PV pipeline by 2028, which also will provide the company with access to I Squared’s global equipment procurement strategy and scale. Since 2014, I Squared has com
