Exus Secures $308M for U.S. Solar and Wind Projects

• Exus Renewables secures $308.2M to power U.S. solar and wind projects, driving sustainable energy growth in New Mexico and Pennsylvania.

Exus Renewables North America has secured USD 308.2 million in financing for its renewable energy projects in the U.S., comprising a 185-MW solar portfolio in New Mexico and a 169-MW wind portfolio in Pennsylvania. The solar portfolio, which includes nine operational farms, received USD 149.6 million and is supported by long-term power purchase agreements with local utilities. ING Capital and PNC Capital Markets LLC led the financing, finalized in May.

The wind portfolio, featuring the 139-MW Twin Ridges and 30-MW Patton projects, obtained USD 158.6 million. KeyBanc Capital Markets coordinated the financing, with Credit Agricole and Societe Generale as joint lead arrangers. The funds will aid in the 2024 repowering of Twin Ridges, with Vitol as the primary offtake counterparty. Exus continues to expand its renewable operations across Europe, North America, and Latin America.

How is Exus Renewables financing its U.S. solar and wind energy projects?

• Exus Renewables secured a total of USD 308.2 million in financing for its U.S. projects.
  
• The financing is divided between a solar portfolio in New Mexico and a wind portfolio in Pennsylvania.
  
• The solar portfolio, consisting of nine operational farms, received USD 149.6 million.
  
• Long-term power purchase agreements with local utilities support the solar projects.
• ING Capital and PNC Capital Markets LLC led the solar financing, finalized in May.
  
• The wind portfolio, including the Twin Ridges and Patton projects, obtained USD 158.6 million.
  
• KeyBanc Capital Markets coordinated the wind financing.
  
• Credit Agricole and Societe Generale served as joint lead arrangers for the wind projects.
  
• The funds will support the 2024 repowering of the Twin Ridges wind project.
• Vitol is the primary offtake counterparty for the wind portfolio.
• Exus Renewables is expanding its operations across Europe, North America, and Latin America.