International renewables investor Exus Management Partners has expanded its portfolio of wind and solar assets under management in North America to over 1800MW.
Exus’ North American portfolio now encompasses 46 individual assets in seven states and provinces with approximately 1250MW of solar and 550MW of wind under management for seven institutional investors.
The company’s portfolio includes the 160MW Rattlesnake wind farm in Texas, which is now owned by an unnamed investment company advised by Exus, following the acquisition from Goldwind.
Exus said demand from investors is growing for the support of asset management teams that can offer technical expertise and provide “active commercial management of those assets to ensure ongoing profitability”.
For the majority of assets, Exus has guided its investors throughout sourcing and acquisition, acting as a buy-side advisor to its clients.
Exus then takes on the operational management of the projects, supported by its own BlueSky asset management platform.
Exus managing partner James Spencer said: “For investors looking to maximise returns in the North American energy market, the scope of work involved in energy sales and commercial management is just as significant as the effort that is required to keep projects up and running from a technical standpoint.
“Both are equally critical to long-term success as renewables continue to expand, and both must be continually fine-tuned to respond to evolving market risks.
“As our investment at Rattlesnake shows, Exus is committed to finding best-in-class clean energy portfolios for our partners that deliver optimal returns, minimise risks, and exceed industry benchmarks for ESG compliance.”