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Cubico Sustainable buys 10 UK solar projects

Staff writer |
Cubico Sustainable Investments has acquired ten UK operational solar projects totalling 65MW from the UK’s largest fully integrated solar developer, British Solar Renewables (BSR).

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As a result of this acquisition, Cubico’s portfolio now comprises 29 assets located across eight countries, with a total gross capacity of 1,900 MW installed across a breadth of technologies (wind, solar and water infrastructure).

David Swindin, head of EMEA at Cubico said: “This acquisition adds to our growing portfolio of renewable energy assets in the UK, which is now our second largest market globally. The transaction with BSR was completed swiftly and we now look forward to enjoying a close relationship with the company”.

The acquired portfolio of solar parks is principally located in the South West of England and includes Scotland’s largest solar park in County Angus. The parks were designed, built and connected to the grid by BSR’s EPC and ICP arms.

BSR will remain actively involved with the solar parks as the operations and maintenance provider, part of a long-term relationship between the two companies established by the deal.