Cubico invests in 270 MW of US solar projects

Cubico Sustainable Investments (Cubico) has completed the acquisition of Delta’s Edge and Crossett, two solar PV projects totaling 270 MW from Renewable Energy Systems (RES).

Both projects have long-term busbar power purchase offtake agreements with regional cooperative utilities which are responsible for the electricity needs of more than a million homes and businesses. Delta’s Edge and Crossett will both be constructed by RES.

The projects are expected to reach financial close in the first quarter of 2021, with commercial operations starting in 2022.