Finance
I Squared Sells Grupo T-Solar to Cubico for $1.8 Billion
- T-Solar has 274 megawatts of solar capacity in Spain and Italy
- Cubico is partly-owned by Ontario Teachers’ Pension Plan
This article is for subscribers only.
Infrastructure investment manager I Squared Capital has agreed to sell Grupo T-Solar to Cubico Sustainable Investments Ltd. for 1.5 billion euros ($1.8 billion).
T-Solar has 274 megawatts of installed and regulated solar power capacity in Spain and Italy, according to an emailed statement from I Squared. The internal rate of return for the deal was over 40%.