Exus Acquires 130-MWp Solar Project in Portugal

• Exus Renewables boosts its Iberian portfolio with the Cibele solar farm acquisition, eyeing a sustainable future in Portugal as construction kicks off soon!

Exus Renewables, an independent power producer based in Madrid, has acquired a 130-MWp solar project in Portugal from Lightsource bp, known as the Cibele solar farm. Located in the municipalities of Rio Maior and Cadaval, construction is expected to start soon, with commercial operations set for 2026. Financial terms of the transaction were not disclosed, but the site has potential for future wind integration, enhancing Exus’ hybridization capabilities.

This acquisition marks a continued expansion of Exus's renewable energy portfolio in Iberia, following its recent purchase of a 51-MW wind farm in Spain. Lightsource bp currently manages over 2.5 GW of projects in various development stages in Portugal, while Exus is developing 200 MW of wind and solar projects, with 70 MW under construction and 130 MW already operational.

How does Exus Renewables' new acquisition impact its hybridization and portfolio expansion plans?

Exus Renewables' acquisition of the Cibele solar farm in Portugal signals a strategic step forward in the company's hybridization efforts and overall portfolio expansion. Here are several key points highlighting the impact of this acquisition:

• Enhanced Hybridization Potential: The Cibele solar farm site is identified as having future wind integration capabilities. This potential allows Exus to consider developing complementary renewable energy projects, thereby optimizing energy generation and improving grid stability.
• Portfolio iversification: The addition of the Cibele solar project strengthens Exus Renewables' portfolio by diversifying its energy mix. By incorporating solar energy alongside existing wind projects, Exus can mitigate dependency on a single energy source, thereby improving resilience against market fluctuations.
• Increased Capacity: The 130-MWp capacity from the solar farm adds significant megawatts to Exus's renewable generation portfolio. Combined with their ongoing and operational projects, this acquisition enhances Exus's capabilities and market presence in Iberian renewables.
• Strategic Geographical Footprint: By expanding its footprint in Portugal, Exus Renewables benefits from the country's favorable regulatory environment for renewable projects and its commitment to increasing renewable energy sources. This acquisition positions Exus favorably amid national and EU climate goals.
• Job Creation and Economic Boost: The construction phase expected to begin soon will likely create local employment opportunities and stimulate the local economy, aligning with Exus's vision of contributing positively to the communities where it operates.
• Synergy with Existing Projects: The integration of solar and wind energy can create synergies in operations, such as shared infrastructure and resource management, leading to potential reductions in operational costs and increased efficiency.
• Long-term Sustainability Goals: The acquisition aligns with global trends towards sustainability and energy transition. Exus's commitment to expand its renewable energy capacity reflects its strategic vision to adhere to sustainability goals and appeal to environmentally conscious investors.
• Strengthening Industry Relationships: Acquiring the project from Lightsource bp can foster collaborative relationships with other developers, facilitating future joint ventures and partnerships to bolster Exus's growth trajectory in renewables.
• Future Growth Trajectory: With a growing number of projects in development, Exus's active expansion efforts may encourage further investments and interest from stakeholders and investors, positioning the company as a key player in the Iberian renewable energy sector.

Overall, the acquisition of the Cibele solar farm represents a pivotal move in Exus Renewables' strategy, enhancing its capabilities and expanding its influence in the renewable energy market.