Cubico Sustainable Investments to buy 21 MW Kitheronas wind project in Viotia

Cubico Sustainable Investments (Cubico), backed by two of Canada’s largest pension funds, has signed an agreement to acquire K-Wind Kitheronas Energy S.A., the owner of a 21 MW operational onshore wind farm. It will be acquired from Intracom Holdings S.A., a Greek leader in IT services, construction projects and electronic defense systems.

The wind farm, located in the Viotia region of Sterea Ellada, marks Cubico’s entry into the Greek market. It became operational in 2015 and a 12 MW extension, which will also be part of the transaction, is expected to start construction in the first quarter of 2020.

Cubico plans to achieve completion of this acquisition in the first quarter of 2020.