Partners Group intends to invest up to a €1bn to help grow Exus, a company that manages 11GW of renewable energy assets across Europe and North America.
The global private markets firm, acting on behalf of investors, said it had agreed to invest alongside Exus’s founders and management.
Exus provides third-party asset management and project development services for owners of utility-scale solar, wind and battery-storage projects.
Partners Group plans to work with Exus management on a value creation plan that will include executing on seed portfolio “investment opportunities, growing the company’s expertise through targeted hires and expanding its project pipeline through accretive acquisitions and partnerships”.
Todd Bright, a partner and co-head of Americas private infrastructure Americas at Partners Group, said: “Exus fits with our next-generation thematic approach to investing in the clean power sector. Through its third-party asset management business, Exus has a strong platform from which to expand.
“Exus is also uniquely positioned to pursue a capital-efficient model for building assets using its existing business and network.”
Bright added that Partners Group aims to scale Exus’s origination capacity for new projects to over 1GW per annum.
Diogo Reis, partner and Europe CEO at Exus, said: “We manage an international renewables portfolio that spans multiple technologies.
“Our team has the deep commercial and technical capabilities needed to scale a high-quality asset development business, and Partners Group can provide the long-term capital to realise this vision.”
Jim Spencer, a partner and North America CEO at Exus, said: “With decarbonisation a top priority for governments and businesses, we see an opportunity to expand as a builder, owner, and operator of renewables assets.”
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