The acquisition of the 52 MW Carape I and 43 MW Carape II in Maldonado and the 26 MW Alto Cielo solar farm in Artigas pushes Cubico’s renewables capacity in Uruguay to over 320 MW, further consolidating the company’s position as the largest individual private owner of renewable assets in the country.
“This deal aligns with one of the pillars of our global growth strategy: increasing and diversifying our installed capacity in each of our existing markets, rather than expanding our geographical footprint” said Javier Areitio, Head of Origination and Development at Cubico. “As we build our clean energy portfolio, we are prioritising the pursuit of synergies and a 24/7 generation profile in each country where we operate.”
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