Banco Santander, S.A. (Santander), Ontario Teachers’ Pension Plan (Teachers) and the Public Sector Pension Investment Board (PSP Investments) have announced the formal launch of Cubico Sustainable Investments (Cubico), a firm established to manage and invest in renewable energy and water infrastructure assets globally.
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 1,400MW and are located across seven countries: Brazil, Mexico, Uruguay, Italy, Portugal, Spain, and the United Kingdom. Cubico is led by Santander’s former Asset & Capital Structuring (A&CS) team of 30 professionals who specialise in managing and investing in infrastructure investments globally. A&CS team leader Marcos Sebares becomes Chief Executive Officer of Cubico. Cubico will be headquartered in London, with regional offices in Milan, Sao Paulo and Mexico DF.