OSMI secures Cubico as its long-term investment partner for Delburn Wind Farm
Cubico Sustainable Investments (Cubico) has been announced as the principal project investor for the Delburn Wind Farm. Cubico, a leader and global investor in renewable energy with investments in 13 countries and an installed capacity of around 4 GW, has joined OSMI Australia as joint development partner in the
Delburn Wind Farm and will purchase 100% of the project prior to the commencement of construction.
Cubico’s Head of Australia, David Smith said: ‘We are excited to be investing in this innovative project in the Latrobe Valley – Victoria’s energy
generation heartland – and are committed to delivering a high quality project that will support the economic transition of the region, as well as contributing to Victoria’s renewable energy targets.’ ‘Cubico is committed to working closely with the community surrounding the project and will honour all commitments made by OSMI, such as maximising local procurement opportunities and the delivery of a best practice Community Benefits Scheme.’
Through the arrangements, OSMI will continue to be the public face of the project. The company will provide ongoing services such as community engagement, development approvals compliance and land management through the construction period and early operations, given its existing knowledge of the project, local area and established relationships with key stakeholders.
OSMI’s Director, Peter Marriott said: ‘We are really pleased to bring on a project partner that shares our vision and values in delivering
leading edge renewable energy projects, with quality technology and communities at the centre of our decision-making framework. The team at Cubico have a strong history in the Australian power generation sector and we look forward to bringing this this project to fruition with them.’
About Cubico
Founded in May 2015, Cubico Sustainable Investments is a major investor in the renewable energy sector. The company is backed by the resources of Ontario Teachers’ Pension Plan, Canada’s largest single-profession pension plan, and PSP Investments, one of Canada’s largest pension investment managers. Cubico’s global portfolio in 13 countries has an installed gross capacity of around 4 GW. Cubico is headquartered in London and has offices in Uxbridge (UK), São Paulo (Brazil), Fortaleza (Brazil), Athens (Greece), Milan (Italy), Stamford (US), Mexico City (Mexico), Madrid (Spain), Bordeaux (France), Sydney (Australia), Melbourne (Australia), Montevideo (Uruguay) and Bogotá (Colombia).
You must be logged in to post a comment.