US-based I Squared Capital, through its renewable’s platform Cube Green Energy, has signed an agreement to acquire a controlling stake in SUNfarming, a German photovoltaic developer specializing in Agri-PV projects. The agreement includes a commitment to invest over €500 million (~$5.38 billion) by 2028 to expand SUNfarming’s Agri-PV pipeline. This acquisition aligns with Germany’s goals to increase PV capacity to 215 GW by 2030 while supporting sustainable agricultural practices. The deal, pending regulatory approvals, is expected to close by Q1 2025. SUNfarming’s founders will retain a minority stake and continue in their current roles.
I Squared’s Cube Green Energy to acquire majority stake in Germany’s SUNfarming
Cube Green Energy partnered with SUNfarming to support Germany’s solar energy transition, with plans to invest €500 million by 2028. (Image Source: Businesswire)
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)