Cubico Sustainable Investments (Cubico), a leader and global investor in renewable energy, has completed the acquisition three operational onshore wind farms in Greece. The wind farms, with a combined capacity of 24.65 MW, are located in Lakonia, Peloponnese.
Athens, Greece: 3 June 2020
London-based Cubico Sustainable Investments (Cubico) is a leader and global investor in renewable energy with total portfolio exceeding 3.3GW. This acquisition marks its first investment in Greece.
Piraeus Bank announced that it will re-finance Cubico’s acquisition for a total of € 24 million.
The Greek government has announced an ambitious plan to phase out coal-fired energy generation and meet the European Union’s renewable energy targets. The government has formulated an Energy and Climate Plan with a target of generating 32% of final energy consumtion in Greece by 2030. This is estimated to require further RES investments of € 35 billion.
Navigator Consulting provides due diligence, investment planning and investment monitoring of energy storage and renewable energy investments. Our expertise includes projects implemented in renewable energy and energy storage, including solar power installations, wind power installations, hydropower installations and energy storage unites.
For further information, please contact:
Ilma Danieliene
Director, Marketing & Strategy
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Sources
Piraeus Bank. 3 June 2020
Cubico Sustainable Investments. 3 June 2020
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