Exus Management Partners (Exus), a specialist in powering sustainable investments through operational excellence, has advised on the acquisition and been chosen by Onex Renewables (Onex) to deliver its full suite of asset and financial management services for a 221MW wind portfolio in northern Portugal.
With over 7.5GW of renewable energy assets developed and operated worldwide, Exus brings considerable expertise to the five individual projects, which represent an anchor investment for Onex within the market.
Previously owned by EDP Renewables (EDPR), the combined sites come with an 18-year PPA attached. The portfolio has an estimated enterprise value of EUR532 million, translating into EUR2.4 million/MW. Two of the wind farms are already in operation, with the remaining three under construction.
The increasing demand for ESG investments has driven a broad range of pension funds, strategic investors, family offices and utilities toward the renewables space to green their portfolios and investment strategies. By actively engaging with key stakeholders and addressing community priorities through tailored asset management and development approaches, Exus will enable Onex to achieve the highest standards of social responsibility and sustainability.
Carlos Tello Garcia, Co-Founder and Chief Operating Officer at Exus Management Partners, says: “Technical excellence, continuous innovation and a robust commitment to ESG principles are paramount for the management of renewable energy portfolios today. We’re excited to have advised on the acquisition and be delivering asset management services and leveraging our knowledge of the site to help optimise performance for Onex.”
Ramez Attieh, CIO at Onex Holding, says: “Renewable energy is a key part of our investment strategy. Ensuring our wind farms are performing optimally will be essential to our expansion within the sector. We’re looking forward to building on our relationship with Exus to help expand our global portfolio and fulfil our ESG commitments in the coming years.”
