Infrastructure investor Cube Infrastructure Managers has secured €150 million ($164 million) in co-investment commitments for its CubIKS solar photovoltaic and battery storage platform, bringing total equity commitments for the vehicle to €325 million, the company said.
The CubIKS platform is the 13th investment under Cube Infrastructure Fund III and was established in early 2025 in partnership with The Dillinger Group, Cube Infrastructure Managers said, without disclosing financial terms of the wider arrangement.
The platform aims to acquire and operate up to 1 gigawatt of solar PV capacity over the next five years across Germany and northern Italy, with projects to be hybridised with battery energy storage systems where feasible.
Cube Infrastructure Managers said the €150 million programme was backed by existing investors in Cube Infrastructure Fund III through a dedicated co-investment vehicle, highlighting continued support for its energy transition strategy.
“We are proud and grateful to have received continued support from our existing investors for this latest co-investment fundraise,” Saket Trivedi, partner and head of energy transition at Cube Infrastructure Managers, said in a statement.
“Their participation in CubIKS demonstrates strong confidence in Cube IM’s energy transition investment strategy and its ability to deliver scalable, high-quality renewable energy platforms in partnership with well-established and experienced developers and operators such as The Dillinger Group,” he added.
