I Squared Capital Establishes a Renewable Energy Platform, Cube Green Energy
LONDON–(Company WIRE)–I Squared Capital, a primary worldwide infrastructure investor, has founded Cube Eco-friendly Energy, a renewable power system committed to accelerating the electricity changeover to a zero-carbon economy. The system will build, repower, construct, and run wind and photo voltaic farms, as properly as commit in the deployment of involved rising technologies these kinds of as battery storage and green hydrogen. Cube Environmentally friendly Energy’s preliminary emphasis will be the experienced renewables markets in Continental Europe that are at the forefront of the energy changeover.
Cube Inexperienced Strength is led by previous senior executives from GE Electricity Economic Companies (GE EFS), the vitality investment decision arm of General Electric Business, with in excess of 70 years merged world wide ability markets knowledge such as a lot more than 40 years in renewable vitality.
Cube Eco-friendly Energy CEO, Raghuveer Kurada, has held numerous leadership roles at GE EFS, like productively closing and handling above $10 billion of value-accretive investments globally as Head of World-wide Deal Execution. Most lately, he was accountable for increasing above $6 billion in 3rd-celebration fairness and financial debt for GE jobs as Head of World-wide Cash Advisory.
The other members of the management workforce contain Sharad Jain, Niko Meissner, and Hussain Shalchi. Sharad Jain has over 25 a long time and 15+ GW of world wide power sector investment experience and delivers deep domain knowledge in asset financial investment, management and financial structuring. Niko Meissner has much more than 15 decades of renewables growth knowledge with GE Power, GE EFS, Vestas and, most recently, Aquila Capital obtaining managed the advancement of about 6 GW of electricity technology ability and will be instrumental in creating the German functions which is a single of the greatest target marketplaces. Hussain Shalchi has held a variety of senior positions in the strength sector such as acting as Controlling Director and World wide Counsel at GE EFS and, most just lately, as Head of Strategic Joint Undertaking at Ørsted.
“I Squared Funds has invested over $6.5 billion in transition vitality, together with $4 billion in 12 renewable electrical power companies globally since 2014, and we are continuing that method with a entire world-class administration crew that provides deep working experience, marketplace expertise and on the ground presence to handle an unmet sector desire,” claimed Gautam Bhandari, Managing Associate at I Squared Capital. “Using our platform setting up method, we search to initially dedicate up to $500 million more than the coming decades to develop Cube Green Vitality into a top renewables business that can support empower Europe’s transition to a zero-carbon financial system.”
“Companies and governments should innovate to swap foundation load electric power with renewables to meet ambitious weather targets,” said Raghuveer Kurada, CEO, Dice Inexperienced Power. “With a mandate to invest in additional effective and rising systems and sector skills throughout the job cycle, Cube Environmentally friendly Energy and I Squared Cash are nicely placed to permit the Renewables 2. transition in Continental Europe and beyond.”
About I Squared Capital
I Squared Capital is an independent worldwide infrastructure financial commitment supervisor with more than $30 billion in belongings beneath administration concentrating on strength, utilities, digital infrastructure, transportation and social infrastructure in North The usa, Europe, Latin The united states and Asia. The firm has offices in Miami, Hong Kong, London, New Delhi, and Singapore.
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