Cubico Sustainable Investments has reached financial close on a 105 MW PV project in Pender County, North Carolina.
This stands as the second project in the 580MW PV portfolio that Cubico acquired from Cypress Creek Renewables in January to reach financial close.
Construction is currently underway on the installation, with the project expected to become fully operational later in 2019.
Ricardo Díaz, head of Americas at Cubico, said: “We are delighted to have reached this important milestone for our second project in the US. Having developed strong portfolios in Latin America and Europe, this is an important step in establishing Cubico’s presence in the US market.”
Oliver Alexander, head of USA at Cubico, added: “We are very happy to complete the financing of the next project in our portfolio acquisition with Cypress Creek. We can now look forward to taking the project into commercial operations and expanding our presence in the country further.”
Sarah Slusser, CEO of Cypress Creek Renewables, said: “Cubico shares our vision for growing solar throughout the US and we’re proud to partner with them on this important 105 MW project. Cypress Creek completed development earlier this year and is now constructing the project.”