Santander, Teachers’ and PSP Investments Launch Cubico Sustainable Investments

Santander, Teachers’ and PSP Investments Launch Cubico Sustainable Investments
May 28
09:39 2015

Banco Santander, S.A. (“Santander”), Ontario Teachers’ Pension Plan (“Teachers”) and the Public Sector Pension Investment Board (“PSP Investments”) today announced the formal launch of Cubico Sustainable Investments (“Cubico”), a London-headquartered firm established to manage and invest in renewable energy and water infrastructure assets globally.

Owned equally by Santander and two of Canada’s largest pension funds, Teachers and PSP Investments, the firm has significant capital to invest and 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.

Following the transfer of 19 wind, solar and water infrastructure assets previously owned by Santander, Cubico has a balanced and diversified portfolio valued at more than US$2 billion. The assets in operation, construction or under development have a total capacity of more than 1,400 megawatts and are located across seven countries: Brazil,MexicoUruguayItalyPortugalSpain, and the United Kingdom.

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