Cubico Sustainable Investments (Cubico) has announced the acquisition of Peel NRE’s 50% stake in Peel Cubico Renewables Ltd, a strategic joint venture focused on the development of renewable energy projects in the UK.
The transaction includes the transfer of the Peel NRE renewables development team into the Cubico business, as well as the joint venture’s current onshore wind and solar PV development pipeline. The Peel Cubico Renewables joint venture between Peel NRE, part of the construction and regeneration company Peel L&P, and Cubico was initiated in April 2021. As a result of the transaction, Cubico now possesses a pipeline of development projects with a collective capacity exceeding 350 MW, encompassing utility-scale wind and solar projects across England and Scotland, plus a 1.7 GW feasibility pipeline.
