I Squared Capital’s Cube Green Energy buys 28-MW wind trio in Germany Cube Green Energy,...
Global infrastructure investor I Squared Capital has launched a renewable energy platform that will develop, repower, construct and operate wind and solar farms in Europe.
Cube Green Energy’s initial focus will be the mature renewables markets in Continental Europe and the platform also intends to invest in the deployment of associated emerging technologies such as battery storage and green hydrogen.
Cube Green Energy is led by former senior executives from GE Energy Financial Services (GE EFS).
Cube Green Energy CEO Raghuveer Kurada has held various leadership roles at GE EFS, including successfully closing and managing over $10bn of value-accretive investments globally.
Most recently, he was responsible for raising over $6bn in third-party equity and debt for GE projects.
The other members of the management team include Sharad Jain, Niko Meissner, and Hussain Shalchi.
Kurada added: “Using our platform building strategy, we look to initially commit up to $500m over the coming years to build Cube Green Energy into a leading renewables company that can help enable Europe’s transition to a zero carbon economy.”