Cubico Sustainable Investments (Cubico) has signed an agreement with energy solutions platform ZEG Energias Renováveis (ZEG) to acquire a developing solar PV project in Brazil.
Cubico and ZEG will co-develop the project, including the negotiation of supply contracts and offtake agreements with third parties.
The project is Cubico’s first investment in solar assets in Brazil. At the same time, the company will be actively looking to grow its portfolio through the acquisition and development of other PV and onshore wind projects.
Project Sobral will increase our availability of renewable energy to consumers and clients interested in decarbonizing their production process.
Last year, Cubico signed an agreement with technology provider Fluence to optimize the performance of 350MW of solar PV in El Llano, Mexico. The contract continued an ongoing collaboration between the companies, with 626MW of solar assets being monitored and analyzed across the US and the EU so far.