Exus Management Partners announced Monday it would significantly expand its renewable energy portfolio through its recent acquisition of a 160 MW wind farm in Texas. According to the company, following this acquisition, will now operate a renewables portfolio exceeding 1.8GW in North America.
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Exus with an increased renewables portfolio
Exus Management Partners (Exus), a renewables independent investment and asset management firm, announced Monday it significantly expanded its asset portfolio in the US and North America. Through its recent acquisition, the company will now operate a North American renewables portfolio exceeding 1.8GW.
In this regard, Exus expanded its initial 120MW acquisition of solar farms made in September 2019. The asset manager will now operate the Rattlesnake wind farm in Texas, formerly owned by Goldwind.
“For investors looking to maximize returns in the North American energy market, the scope of work involved in energy sales and commercial management is just as significant as the effort that is required to keep projects up and running from a technical standpoint,” said James Spencer, Managing Partner at Exus.
“Both are equally critical to long-term success as renewables continue to expand, and both must be continually fine-tuned to respond to evolving market risks. As our investment at Rattlesnake shows, Exus is committed to finding best-in-class clean energy portfolios for our partners that deliver optimal returns, minimize risks, and exceed industry benchmarks for ESG compliance,” added Spencer.
According to an analysis provided by Renewable Energy Magazine, the company’s rapid growth is in line with recently changing market dynamics in the US renewable energy sector through 2020. Supportive state policies and tax credits have mainly driven this growth.
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Furthermore, a growing variety of investors has now entered the sector, where local utilities and developers previously dominated. Institutional and private investors have now identified renewables as an asset capable of delivering stable returns amid wider market volatilities
Simultaneously, clean energy portfolios are growing in scale and technological diversity. In this sense, asset owners must also account for the increased financial risks of operating in a range of complex merchant electricity markets.
Demand from investors in renewable energy is growing to support asset management teams, offering technical expertise and active commercial management to increase profitability.
Exus’ North American portfolio now encompasses 46 individual assets in 7 states and provinces with approximately 1250 MW of solar and 550 MW of wind under management for seven major institutional investors.
For most assets, the company has guided its investors throughout sourcing and acquisition, acting as a buy-side advisor to its clients. Exus is in charge of the operational management of the projects, with an approach to technical optimization.