Canadian pension funds Ontario Teachers’ Pension Plan (Teachers) and Public Sector Pension Investment Board (PSP Investments) and retail and commercial bank Banco Santander have formed Cubico Sustainable Investments, a United Kingdom-based firm established to manage and invest in renewable energy and water infrastructure assets globally. The firm, owned equally by Teachers, PSP Investments and Santander, launched with a portfolio valued at more than US$2 billion. The portfolio currently includes 19 wind, solar and water infrastructure assets previously owned by Santander, based in Brazil, Mexico, Uruguay, Italy, Portugal, Spain and the United Kingdom.