Squared Capital
Squared Capital is an independent global infrastructure investment manager focused on energy, utilities, telecommunications and transportation in North America, Europe and selected high-growth economies. Squared Capital has offices in Miami, New York, Houston, London, New Delhi, Hong Kong and Singapore. On 9 November 2016 Squared Capital acquired T-Solar Group for €113 million.
T-Solar
Grupo T-Solar es una empresa líder en la producción de energías renovables y en la gestión de activos. Cuenta con un historial de desarrollo y operación de 53 plantas instaladas en España, Italia, Perú, Japón, USA e India. La compañía se centra en el mercado europeo con el 92 por ciento de sus activos en España e Italia. Incluyendo las recientes desinversiones en Japón y Estados Unidos, Grupo T-Solar ha gestionado más de 1.900 millones de euros en activos renovables.
On 15 December, Squared Capital has sold T-Solar to Cubico for 1.5 billion. Cubico Sustainable Investments is a leading investor and long-term owner and operator of global renewable energy projects, the fastest source of energy, in the Americas, Europe and Oceania. Established in 2015, the company is jointly owned by Ontario Teachers, Pension Plan and PSP Investments.
This important acquisition by Cubico was made with the aim of doubling its portfolio in Spain and become one of the largest independent owners of renewable energy projects on the Iberian Peninsula, with more than 500 MW in operation.