Exus Management Partners is Partnering with Commodities Trader Vitol to Manage 3 Wind Farms

Source: www.gulfoilandgas.com 6/17/2022, Location: North America

Vitol has agreed to acquire the portfolio from a fund managed by BlackRock, with the transaction expected to close later this quarter.

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.

The company said it 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 500MW of combined wind assets in the US, following the 240MW Big Sky Wind farm repowering and management deal in Illinois; that arrangement commenced in 2021.

Dhaval Bhalodia, partner and head of asset management North America at Exus, said: “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.

“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.”

Vitol head of renewables Andrew de Pass added: “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 Exus is able to deliver across our renewables portfolio.”


France >>  8/12/2022 - DEME Offshore has successfully installed the offshore substation of the Fécamp offshore wind farm, deploying ‘Orion’, the newest member of the DEME fl...
Germany >>  8/12/2022 - Keppel Corporation Limited (Keppel Corporation or together with its subsidiary, the Group) and Keppel Infrastructure Fund Management Pte Ltd (KIFM), t...

India >>  8/12/2022 - Siemens Gamesa has secured its first order in India with Azure Power India Private Limited (Azure Power) to supply 96 SG 3.6-145 wind turbines for a 3...
Japan >>  8/12/2022 - The opening ceremony for Eurus Kamikatsu-Kamiyama Wind Farm, which Eurus Group has been constructing in Tokushima Prefecture, in the vicinity of Kamik...

Australia >>  8/11/2022 - A landmark CEFC investment to support the Southern Downs Renewable Energy Zone (REZ) will help develop critical transmission and grid infrastructure t...
Philippines >>  8/11/2022 - Siemens Gamesa has secured a new deal with ACEN CORPORATION (ACEN), a leading renewables developer in Southeast Asia, to supply 14 units of the SG 5.0...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.