Goldman Sachs Alternatives has led a $345m (€312m) financing for Exus Renewables North America to support the development of US renewable energy projects.
The senior secured holding company facility will fund construction costs and new project development across Exus’s US wind, solar and battery storage portfolio, which exceeds 6GW and includes more than 800MW operating or under construction.
The deal follows a $400m senior secured corporate credit facility closed in December last year and around $356m in project-level construction financing secured in July for the Highland North and Cambria wind farms in Pennsylvania.
Jim Spencer, president and CEO of Exus Renewables North America, said: “We have projects moving forward and a deep pipeline behind them, and this financing lets us keep that momentum going.
“The support from Goldman Sachs Alternatives reflects confidence in our team and our projects, and gives us the flexibility to keep building and bring new generation online where it’s needed.”
Vikas Agrawal, managing director and co-head of energy transition climate credit at Goldman Sachs Alternatives, said: “Exus has established a strong platform for developing and operating utility-scale renewable energy projects.
“We’re pleased to support its continued investment in new energy infrastructure as electricity demand grows across the US.”
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