Exus Management Partners has been chosen by Onex Renewables to provide asset and financial management services for a 221MW wind portfolio in northern Portugal.
Onex Renewables acquired the portfolio from EDPR for €532m, translating into €2.4m/MW
The combined sites in the portfolio come with an 18-year power purchase agreement.
Two of the wind farms are already in operation, with the remaining three under construction.
Exus said the increasing demand for ESG investments has driven a broad range of pension funds, strategic investors, family offices and utilities toward the renewables space to green their portfolios and investment strategies.
Exus said it will enable Onex to achieve the highest standards of social responsibility and sustainability.
Exus co-founder Carlos Tello Garcia said: “Technical excellence, continuous innovation and a robust commitment to ESG principles are paramount for the management of renewable energy portfolios today. We’re excited to have advised on the acquisition and be delivering asset management services and leveraging our knowledge of the site to help optimise performance for Onex.”
Onex chief investment officer Ramez Attieh added: “Renewable energy is a key part of our investment strategy.
“Ensuring our wind farms are performing optimally will be essential to our expansion within the sector. We’re looking forward to building on our relationship with Exus to help expand our global portfolio and fulfil our ESG commitments in the coming years.”