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Questions about Bill 124? Visit our News section and Bill 124 FAQs in both the working members and retired members sections.

How sun and wind pay your pension

As temperatures drop, chances are you’re yearning to feel the warmth of the sun. Not only do those warm rays help beat the winter blues, they’re helping with your retirement security too.

In 2015, we partnered with PSP Investments and Banco Santander, S.A. to launch Cubico Sustainable Investments. We now own Cubico with PSP, after buying Santander’s stake. Cubico primarily invests in wind and solar electricity generating facilities, including two Concentrated Solar Photovoltaic (CSP) plants.

CSP plants use the sun and concentrating mirrors to make steam for producing electricity. Cubico covers the whole life cycle of an energy project, from development and construction to operation and management.

Wind and solar demand is heating up

As electricity demand heats up in many countries, consumers are attracted to renewable energy because it’s cost-effective and has a low environmental impact. The International Energy Agency predicts that the world’s total renewable-based power capacity will grow by 50% between 2019 and 2024. Solar photovoltaic, or solar panels, will account for 60% of the increase.

Global approach, local impact

Whether it’s building a solar project in Mexico, or acquiring wind farms in Italy, Cubico builds strong relationships with developers, contractors, government authorities and local communities on the ground. Its management team takes an active role in each project, bringing resources, contacts, ideas and best practices to each investment.

Cubico’s team is committed to playing a significant role in the transition towards a clean energy world. The organization aims to optimize the use of natural resources, while respecting the environment and the social development of the communities where it operates. Cubico helps shape the future of energy, while providing us with a long-term investment that generates growth and value.