wind

Exus to manage 244 MW Vitol wind farms in Pennsylvania

Exus Management Partners is partnering with commodities trader Vitol to manage three wind farms, totalling 244.4 MW, in the state of Pennsylvania, after having acquired the portfolio from a BlackRock managed fund, with the transaction expected to close later this quarter.
Exus to manage 244 MW Vitol wind farms in Pennsylvania
Courtesy of NREL.

Exus will deliver full construction, energy, and asset management across the portfolio, applying latest wind technology to increase annual energy production and extend asset life. Exus has a unique and detailed knowledge of the projects having been involved in their original development and construction.

Vitol’s agreement with Exus brings their partnership to almost 500 MW of combined wind assets in the US, following the 240 MW Big Sky Wind farm repowering and management deal in Illinois, which commenced in 2021.

“Our ethos is to always deliver highest-grade work on or before deadline, and above expectation, and we are delighted to see our partnership with Vitol continue to mature within that framework” said Dhaval Bhalodia, Partner and Head of Asset Management North America at Exus. “It’s an exciting time within the industry, and we look forward to continuing to offer our support to Vitol, a significant player in the ambitious and energetic drive towards a cleaner future.”

Andrew de Pass, Head of Renewables at Vitol Inc., added that collaborating with Exus in the field of renewable asset management is a significant opportunity for both businesses.

“After successfully working together on our Big Sky project, we value the experience, expertise and added value they are able to deliver across our renewables portfolio” said Mr de Pass.

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Exus

Tags: Wind , wind farm
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