Canadian Pension Funds Explore $6 Billion Sale of Renewables Firm Cubico - Sources
Mar 06,2024 | DAXTROMNSOLAR
Canadian pension funds are reportedly considering a potential sale of renewable energy company Cubico, in a deal that could reach up to $6 billion. The funds, including the Ontario Teachers' Pension Plan (OTPP) and the Public Sector Pension Investment Board (PSP), have reportedly been exploring options to divest their ownership stakes in Cubico. The company, which operates renewable energy assets across the globe, has attracted interest from potential buyers due to its strong financial performance and growing portfolio of clean energy projects. If the sale goes through, it could mark a significant expansion for the buyer in the renewable energy sector.
[My Thoughts on This News]
The potential sale of Cubico by Canadian pension funds highlights the increasing interest and investment in the renewable energy sector. As countries and companies worldwide strive to transition to cleaner energy sources, renewable energy companies like Cubico are playing a crucial role in meeting sustainable development goals. The sale could provide an opportunity for the buyer to enter or expand their presence in the renewable energy market, further contributing to the global shift towards greener alternatives.
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