TOP STORIES

Exus buys 306MW Pennsylvania portfolio

RICHARD HEAP

March 18, 2024

Exus North America has bought four wind farms totalling 306MW in US state Pennsylvania from Vitol and Oppidum Green Energy.

The asset manager and developer has bought the Highland North, Patton and Twin Ridges projects totalling 244MW from Vitol, and the 62MW Cambria wind farm from Oppidum. Exus plans to repower three of the schemes and said the deal would help accelerate its evolution from asset manager to independent power producer.

Jim Spencer, president and chief executive at Exus North America, said: “Pennsylvania’s natural wind resource coupled with a growing demand for renewables in the state make it an ideal location for us to further our ambitions of advancing highly productive renewable energy solutions in North America.”

R. Andrew de Pass, head of renewable and sustainable investments at Vitol, said: “Vitol is pleased to sell its equity interests in Twin Ridges, Highland North, and Patton to Exus, a highly experienced wind developer and operator. The repowering of these projects will increase capacity by 25%. Our tax equity financing of this repowering underscores Vitol’s commitment to investing in the energy transition.”