Copenhagen Infrastructure Partners (CIP) has chosen Exus Management Partners to provide asset management services for a 750MW solar pipeline in the US.
The deal covers the Greasewood, Misae, and Sage solar projects across Texas and Utah and takes the duo’s partnership in North America to over 2GW across wind and solar.
It also incorporates a five-year initial term that allows Exus to demonstrate its scope of asset and financial management, operations and maintenance, and project management services.
CIP previously appointed the US-based company as asset manager at the 477MW Fighting Jays solar farm in Texas and the 700MW Travers solar project in Alberta, Canada.
The agreement also marks the start of Exus’ relationship with Ingka Investments, who is part-owner of the Misae and Sage projects.
Exus said that its in-house team of specialists will offer advice and access to the company’s custom solar optimization and reporting tool BlueSky, giving CIP complete oversight and enabling them to analyze, maximize and set performance benchmarks across all three projects.
Exus head of asset management North America and partner Dhaval Bhalodia said: “Trusted partnerships and high-quality services are key to the successful development, construction and maintenance of renewable energy projects.
“We are excited to continue building our relationship with Copenhagen Infrastructure Partners, and begin our journey with Ingka Investments, in the US renewables space.
“We will continue to innovate to fine-tune the technical performance of our assets and prioritize the asset management activities that deliver the most value for our clients.”
CIP partner Mads Skovgaard-Andersen said: “We are pleased to continue collaborating with Exus who have consistently demonstrated their ability to go above and beyond our expectations regarding the management of our renewable energy assets.
“Optimizing and maintaining solar projects is essential to maximizing returns for our investors.
“Our work with Exus will enable us to excel in achieving that over the coming years.”