US solar deal
The deal takes Exus’ partnership with CIP in North America to over 2GW across wind and solar, with CIP having previously appointed Exus as asset manager at the 477MW Fighting Jays solar farm in Texas and the 700MW Travers solar project in Alberta – Canada’s largest solar farm.
The agreement marks the beginning of Exus’ relationship with Ingka Investments, the investment arm of Ingka Group, a strategic partner in the IKEA franchise system. Ingka Investments is part-owner of the Misae and Sage projects.
The recently signed deal incorporates a five-year initial term allowing Exus to fully demonstrate its scope of asset and financial management, operations and maintenance, and project management services.
Both solar and wind projects require high levels of technical expertise to manage effectively. Exus’ in-house team of specialists will offer CIP advice and access to the company’s custom solar optimization and reporting tool BlueSky, giving CIP complete oversight and enabling it to analyze, maximize and set performance benchmarks across all three projects.
Dhaval Bhalodia, Partner and Head of Asset Management North America at Exus, noted that the business is excited to continue building its relationship with Copenhagen Infrastructure Partners, and begin its journey with Ingka Investments, in the US renewables space.