Exus Management Partners, an investment and asset management firm focused on the renewable energy sector, is partnering with commodities trader Vitol to manage three wind farms, totaling 244.4 MW, in Pennsylvania.
Exus will deliver full construction, energy, and asset management across the portfolio, applying latest wind technology to increase annual energy production and extend asset life. Exus has a detailed knowledge of the projects, having been involved in their original development and construction.
Vitol’s agreement with Exus brings the partnership to almost 500 MW of combined wind assets in the U.S., following the 240-MW Big Sky Wind farm repowering and management deal in Illinois, which began in 2021.
“Our ethos is to always deliver highest-grade work on or before deadline, and above expectation, and we are delighted to see our partnership with Vitol continue to mature within that framework. It’s an exciting time within the industry, and we look forward to continuing to offer our support to Vitol, a significant player in the ambitious and energetic drive toward a cleaner future,” said Dhaval Bhalodia, partner and head of Asset Management North America at Exus.
“Collaborating with Exus in the field of renewable asset management is a significant opportunity for both businesses. After successfully working together on our Big Sky project, we value the experience, expertise, and added value they are able to deliver across our renewables portfolio,” said Andrew de Pass, Vitol Inc.’s head of renewables.
More info www.exuspartners.com