Exus Renewables North America (Exus), a leading independent developer and operator of utility-scale renewable energy projects, today announced the successful completion of financing for several US-based utility-scale renewable energy projects totaling $308.2 million.The transactions include the 185 MW Zia Solar Power solar portfolio in New Mexico and the 169 MW Keystone wind portfolio in Pennsylvania.
More HeadlinesTrina Storage and Stiemo Launch Strategic Partnership to Deploy GWh-Scale BESS Portfolio in Baltics Region CIRCOR Announces IMO 3-Screw Rotary Pump Technology for Transformer Ester and Mineral Oil Purification Service Lowers operating costs with enhanced reliability and longevity.CENTURY LITHIUM REPORTS BATTERY-GRADE LITHIUM METAL ANODES PRODUCED FROM ANGEL ISLAND LITHIUM CARBONATE Sungrow Unveils Next-Generation Residential ESS Eastron's UL-Certified Smart Meter: Critical for Reliable Energy Monitoring in North American PV SystemsArticlesEagleview One - AI and Precise 3D Models in One Easy Platform Recent Advances in Solar Integration for Transportation A Foundation for Success: Navigating Bedrock & 180-mph Winds What Are the Inherent Risks of BESS Sites, and How Can Operators Overcome Them? Battling Revenue Erosion: Sharper SOC Accuracy Can Lift BESS Earnings by 11 %
Zia Solar Portfolio - New Mexico
Exus secured $149.6 million in financing for Zia Solar Power's portfolio of nine operational solar farms strategically located across New Mexico, including Deming, Los Lunas, Albuquerque, Moriarty, and Rio Rancho.
The 185 MW portfolio is supported by long-term power purchase agreements with Public Service Company of New Mexico, Central New Mexico Electric Cooperative, Columbus Electric Cooperative, and City of Rio Rancho, spanning 20-25 years from commercial operation.The financing, which closed in May, was led by ING Capital and PNC Capital Markets LLC. Keystone Wind Portfolio - Pennsylvania Exus also completed $158.6 million in financing for the Keystone wind portfolio, consisting of the Twin Ridges (139 MW) and Patton (30 MW) wind projects in Pennsylvania. KeyBanc Capital Markets served as Coordinating Lead Arranger with Crédit Agricole Corporate and Investment Bank and Societe Generale as Joint Lead Arrangers.The financing supports the recent repowering of Twin Ridges, which achieved its repowering commercial operation date in 2024, extending the project's operational life and enhancing its efficiency. The portfolio benefits from diverse offtake arrangements, with Vitol serving as the primary counterparty across the assets for power purchase agreements and renewable energy certificates. "Securing this financing across two distinct portfolios demonstrates the strength of our platform and the market's confidence in our execution capabilities," said Jim Spencer, President and CEO of Exus Renewables North America.
"From desert solar farms powering data centers to repowered wind turbines in Pennsylvania, we're building the infrastructure that will define America's energy future."
About Exus Renewables North America
Exus Renewables North America is a leading independent developer and operator of utility-scale renewable energy projects, dedicated to advancing clean energy solutions across the United States.Operating from offices in Pittsburgh, New York, and Albuquerque with over 90 employees, the company focuses on developing, repowering, and managing renewable energy assets as part of its mission to drive sustainable growth in the renewable energy sector.With over 5 gigawatts in its total portfolio and 764 MW now operating or under construction, Exus continues to expand its operational footprint while contributing to the nation's decarbonization efforts and clean energy goals.
HPS EnduraCoil is a high-performance cast resin transformer designed for many demanding and diverse applications while minimizing both installation and maintenance costs.
Coils are formed with mineral-filled epoxy, reinforced with fiberglass and cast to provide complete void-free resin impregnation throughout the entire insulation system.HPS EnduraCoil complies with the new NRCan 2019 and DOE 2016 efficiency regulations and is approved by both UL and CSA standards.It is also seismic qualified per IBC 2012/ASCE 7-10/CBC 2013.
Cast resin transformers are self-extinguishing in the unlikely event of fire, environmentally friendly and offer greater resistance to short circuits.HPS also offers wide range of accessories for transformer protection and monitoring requirements.
