Exus Renewables has led the successful consortium in closing $308 million of financing. This capital will drive development of their utility scale solar and wind energy generation projects across the continental U.S. This major investment will help Exus’s impactful team build on its national-leading portfolio of work. It importantly features the 185MW Zia solar power project in New Mexico and a 169MW wind portfolio in Pennsylvania.
Zia solar power portfolio is further distinguished by long-term PPAs. These contracts are some of the first with big local energy players like the Public Service Company of New Mexico, Central New Mexico Electric Cooperative, Columbus Electric Cooperative, and the municipality of Rio Rancho. These agreements ensure a predictable revenue source that extends for two decades or more. This timeline starts when the first commercial operations start. Together, the solar projects are strategically located all over New Mexico. You might see them yourself if you travel through the solar capital cities of Deming, Los Lunas, Albuquerque, Moriarty, or Rio Rancho.
Strategic Partnerships and Financing
Exus Renewables’ focus on establishing a robust partnership strategy to deliver long-term contracts serves as the backbone to its operating and financial models. The company’s capacity to forge solid partnership agreements with local co-ops and municipalities strengthens its accountability and long-term operational legitimacy.
The funding received is split between solar and wind projects. More specifically, $158.6 million of that is tied to the Keystone wind portfolio in Pennsylvania. This portfolio contains the Twin Ridges (139MW) wind project and the Patton (30MW) wind project. Further, these investments are projected to create a substantial, lasting local economic impact, all while driving the production of clean energy.
“Securing this financing across two distinct portfolios demonstrates the strength of our platform and the market’s confidence in our execution capabilities.” – Jim Spencer, Exus Renewables North America president and CEO.
Vision for America’s Energy Future
Exus Renewables envisions an innovative, inclusive, clean energy economy that works for all Americans. The company has worked hard to ensure their infrastructure mirrors their commitment to sustainability by providing innovative, sustainable energy solutions. The combination of solar and wind projects emphasizes a balanced approach to renewable energy, addressing diverse geographic and climatic conditions.
Spencer elaborated on this vision, saying, > “From desert solar farms powering data centres to repowered wind turbines in Pennsylvania, we’re building the infrastructure that will define America’s energy future.” All of these projects are aimed at generating renewable energy. They promote more reliable and accessible energy across rural, urban and suburban areas.
Expanding Renewable Energy Footprint
With this financing, Exus Renewables will be able to move more projects quickly through development and make a much greater impact growing the renewable energy economy. With a clear strategy in place, the company intends to leverage its established relationships to fuel further growth in both solar and wind sectors.
The Zia solar power portfolio is one example of the difference focused investments can make. These focused investments can yield significant progress in increasing renewable energy deployment. Exus has been on the ground actively rolling out these projects. It is further positioned to play a central role in determining who will lead the nation’s clean energy future.