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Cubico has agreed to acquire a 274MW solar platform with operational assets in Spain and Italy from I Squared Capital. The Grupo TSolar platform comprises 47 operational assets that spans 167MW of solar photovoltaic capacity and 100MW of concentrated solar power across Spain, as well as 7MW of solar PV in Italy. The platform also comes with a solar development pipeline of around 1.4GW. The total enterprise value of the business is approximately €1.5bn. The acquisition will take Cubico’s installed solar capacity in Spain to 440MW. Cubico EMEA head David Swindin said: “This significant acquisition more than doubles our portfolio in Spain and makes us one of the largest independent owners of renewable energy projects in the Iberian Peninsula, with over 500MW in operation. ....