Cube’s purchase of Renewable Power International (RPI), brings with it 10 mini-hydropower plants in Spain and seven in Portugal with a combined installed capacity of 85 megawatts. Cube’s partners in the acquisition were independent fund manager Demeter Partners, the members of RPI’s management team, and two family offices in Spain: Minicentrales, which specialises in renewables; and Ovec, a company active in real estate and renewables.

RPI is an independent power producer with more than 25 years experience in renewable energies with special know-how in small hydro project development and operation in the Iberian market. With its new shareholders led by Cube Infrastructure Fund, RPI has the necessary funding to realize its development strategy focused on the Iberian market and developing renewable energy projects.

The infrastructure investor has acquired a 50% stake in Covage from VINCI. Cube will pay VINCI an initial € 30m with a further € 36m to be paid over the next three years,
contingent on Covage’s results.

“The Cube investment is an important step in Covage’s evolution as a growing operating company.”

French infrastructure fund Cube Infrastructure has acquired the French division of Neolectra Group, an independent power producer with assets in France and Spain.

French infrastructure fund Cube Infrastructure and Italian railway operator Ferrovie dello Stato have acquired Arriva Deutschland, Germany’s second-largest private regional transport operator, owned by Deutsche Bahn.