Exus Renewables North America has secured $345 million in senior secured holding company financing led by Goldman Sachs Alternatives to fund construction costs and develop new wind, solar and battery storage projects across its US portfolio, according to a company announcement published on November 12. The financing comes as Exus expands its project pipeline, with more than 800 MW of capacity operating or under construction and a total portfolio exceeding 6 GW.

The transaction follows other financing deals closed by the company this year, including a $400 million senior secured corporate credit facility in December and approximately $356 million in project-level construction financing in July for its Highland North and Cambria wind projects in Pennsylvania. Exus President and CEO Jim Spencer said the new funding would provide the flexibility to maintain the company's development momentum and bring additional generation capacity online. Goldman Sachs Alternatives' Managing Director and Co-Head of Energy Transition Climate Credit, Vikas Agrawal, highlighted the investment as support for new energy infrastructure amid growing electricity demand across the United States.

PEI Global Partners acted as financial advisor to Exus, while Latham & Watkins LLP provided legal counsel to the company and Vinson & Elkins LLP advised Goldman Sachs Alternatives. Exus Renewables North America has more than 110 employees and operates from offices in Pittsburgh, New York, Albuquerque and Connecticut. Its activities include developing, repowering and managing utility-scale renewable energy assets.