Cubico Sustainable Investments, a global leader in renewable energy, has expanded its development pipeline in Mexico through the acquisition of Renantis Mexico and a strategic agreement with Sowitec Group. These acquisitions include at least 12 solar and hybrid projects across 7 states in Mexico, further establishing Cubico’s presence and impact nationwide. With these transactions, Cubico adds over 1.6 GW of capacity to its development portfolio in Mexico, bringing the total size of its Mexican portfolio to 2.2 GW.
The new projects in Cubico’s portfolio are strategically located in regions like the Yucatan peninsula, which are currently heavily reliant on fossil fuel electricity generation. These regions are also experiencing significant energy demand growth due to nearshoring and are facing challenges in supply reliability. This presents unique opportunities for clean energy development. Cubico’s long-term commitment to advancing the renewable energy transition in Mexico is evident through these transactions. The company works closely with both the public and private sectors, investing in sustainable energy projects that will not only bring economic benefits but also contribute to environmental and social development in the communities where they are located.
Osvaldo Rance, Country Head for Mexico at Cubico Sustainable Investments, expressed his delight in completing these transactions, emphasizing the company’s dedication to reducing greenhouse gas emissions and driving Mexico’s economic growth. Rance believes that these projects will play a crucial role in meeting the increasing demand for clean energy in the region. Looking ahead, Cubico aims to secure both public and private off takers for its projects.
Javier Areitio, Head of Origination & Development at Cubico, highlighted how these transactions align with the company’s global strategy of leveraging local knowledge and in-house expertise to expand its portfolios within existing markets. With a total development portfolio of approximately 5 GW across the US, UK, Spain, Italy, Australia, and Mexico, Cubico further solidifies its position as a leading player and key facilitator of the global clean energy transition.
For more information, please visit the Cubico Sustainable Investments website.
