Copenhagen Infrastructure Partners (CIP) has chosen Exus Management Partners as asset manager for the 477MW Fighting Jays solar farm in the US state of Texas.
Following earlier trials of Exus’ financial management services in 2021, CIP awarded the asset management contract to the company to capitalise on the its considerable transferable expertise from managing wind farms, Exus said.
It will support CIP by leveraging its knowledge to provide custom solar optimisation and reporting tools.
Fighting Jays is located just outside Houston and will meet the needs of approximately 62,000 homes.
Exus partner and head of asset management North America Dhaval Bhalodia said: “Technical excellence and continuous innovation are paramount for managing renewable energy portfolios in the current environment.
“Investment strategies need to be based on an understanding of the realities of asset development and operational risks.
“We’re excited to continue supporting Copenhagen Infrastructure Partners in North America through our leading asset management and financial advisory services.”
CIP partner Mads Skovgaard Andersen said: “CIP’s new Fighting Jays solar project in Texas is another key milestone for CIP to help meet ERCOT’s rising demand for power, and large, well-managed solar farms will play a key role in achieving this.
“Exus’ financial and asset management capabilities for solar are highly advanced, and we look forward to working with them to benefit from their experience in the years to come.”