Today, Copenhagen Infrastructure Partners (CIP) announced it chose Exus Management Partners as asset manager for the 477MW Fighting Jays solar farm project in Texas. Indeed, this announcement follows earlier trials of Exus’ financial management services for this year.
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Accordingly, CIP awarded the asset management contract to capitalize on Exus’ transferable expertise from managing farms, reNews bis reports.
Exus’ selection
CIP also said Exus will support it by leveraging its knowledge in providing custom solar optimization and reporting tools.
Indeed, and it is worth noting, the Fighting Jays solar farm is located just outside Houston. Besides, CIP expects it to meet the needs of approximately 62,000 homes.
Accordingly, Exus partner and head of asset management North America Dhaval Bhalodia said; “Technical excellence and continuous innovation are paramount for managing renewable energy portfolios in the current environment.”
Similarly, Bhalodia commented that this project reflects the company’s approach toward investment strategies; particularly ones that hold an understanding of the realities of asset development and operational risks.
CIP on why it partnered with Exus
“We’re excited to continue supporting Copenhagen Infrastructure Partners in North America through our leading asset management and financial advisory services.”
Moreover, CIP partner Mads Skovgaard Andersen said; “CIP’s new Fighting Jays solar project in Texas is another key milestone for CIP to help meet ERCOT’s rising demand for power, and large, well-managed solar farms will play a key role in achieving this.
Regarding what Exus can bring the project, Andersen particularly commented; “Exus’ financial and asset management capabilities for solar are highly advanced.” Therefore, the company is looking forward to working with them “to benefit from their experience in the years to come.”
Worth noting, Fighting Jays Solar is a 440 MWdc solar PV project in Fort Bend County, Texas. According to its developers, the project could be operational by the summer of 2022.
