Renewables asset management and developer Exus North America has acquired a 306MW wind portfolio in Pennsylvania.
The manager has invested undisclosed sums to acquire the Highland North, Twin Ridges, and Patton wind farms, totalling 244MW from Vitol, and the 62MW Cambria wind farm from Oppidum Green Energy.
Jim Spencer, president and CEO of 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.
“This acquisition underscores our dedication to intelligently expanding our renewables footprint, while continuing our commercial transition to an established independent power producer in the region.”
R Andrew de Pass, the 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.”
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