Cubico Sustainable Investments (Cubico), a global investor in renewable energy backed by two of Canada’s largest pension funds, recently reached financial close for the 100 MW Huntley solar PV project in Orangeburg County, South Carolina, USA.
This is the third project to reach financial close in the 580 MW five project solar PV portfolio Cubico acquired from Cypress Creek Renewables (Cypress Creek) in January. Construction is currently underway and the project is expected to become fully operational in the summer of 2020.
Tax equity was provided by U.S. Bank and project finance debt was provided by HSBC, Rabobank and Nord/LB.