Cubico Sustainable Investments, a leading global renewable energy company, has expanded its development pipeline in Mexico with the acquisition of Renantis Mexico and a strategic agreement with Sowitec Group. These transactions have added at least 12 solar and hybrid projects across 7 states in Mexico to Cubico’s portfolio, solidifying its presence and impact nationwide. With these acquisitions, Cubico’s development portfolio in Mexico now has a capacity of over 1.6 GW, pushing the total size of its Mexican portfolio to 2.2 GW.
The new projects in Cubico’s portfolio are 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 driven by nearshoring and facing supply reliability challenges. Therefore, these projects offer 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 public and private sectors to invest in sustainable energy projects that will bring economic, environmental, and social development benefits to the communities they serve.
Osvaldo Rance, Country Head for Mexico at Cubico Sustainable Investments, expressed his excitement about the completion of these transactions. He stated, “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.” Rance is confident that these projects will play a vital role in meeting the growing demand for clean energy in the region.
Javier Areitio, Head of Origination & Development at Cubico, highlighted that these transactions align with the company’s global strategy of leveraging local knowledge and in-house expertise to expand its portfolios within existing markets. Areitio stated, “Having now grown our total development portfolio to circa 5 GW of greenfield projects in the US, UK, Spain, Italy, Australia, and Mexico, this latest milestone reinforces Cubico’s position as a leading player and key facilitator of the global clean energy transition.”
For more information about Cubico Sustainable Investments and its projects, please visit their website: Cubico Sustainable Investments.
