Cubico Sustainable Investments has completed the acquisition of a pair of US solar projects totalling 270MW from RES.
The Delta’s Edge and Crossett projects, located in Mississippi and Arkansas, will be built by RES.
The projects are expected to reach financial close in the first quarter of 2021, with commercial operations starting in 2022.
Both projects have long-term power purchase offtake agreements with regional cooperative utilities in the Midcontinent Independent System Operator (MISO) region.
Cubico Americas head Ricardo Diaz said: “After successfully bringing almost 600MW of solar to operations in the US, this investment supports the continued expansion of our presence in the country.
“We plan on growing our portfolio with well contracted assets and building one of the country’s premier renewable investment companies, bringing clean power to people and organisations through our diverse global generation platform.”