Exus gets USD 400m in debt for more renewables, storage in N America
- Özcan Berk Atakan
- 1 day ago
- 1 min read
Exus Renewables has secured USD 400 million in new debt financing to accelerate the development of renewable energy and energy storage projects across North America. The senior secured credit facility marks a significant step in strengthening the company’s ability to scale its portfolio in a region facing rapid growth in electricity demand and grid transformation.
The debt facility was arranged with the participation of major international banks, including Santander, Barclays, ING Capital, and Nomura Securities International, providing Exus with long-term financial flexibility. The structure is designed to support projects across multiple stages, from late-stage development to construction and early operations.
The funding will primarily be allocated to:
Interconnection and grid-related expenditures
Commercial arrangements, including power purchase agreements (PPAs)
Procurement of key equipment and construction-phase costs
This approach enables Exus to move projects efficiently through the development pipeline while maintaining balance-sheet resilience.
Exus currently owns or is building more than 700 MW of renewable capacity in North America and has a multi-gigawatt pipeline under active development, spanning solar, wind, and battery energy storage systems (BESS). The new facility strengthens its position to respond to rising demand driven by electrification, data centers, and industrial decarbonization.
The transaction reflects continued confidence from financial institutions in utility-scale renewables and storage as core infrastructure assets, rather than niche or pilot technologies. As grids become more decentralized and flexible, access to large-scale, well-structured debt financing will be a decisive factor for developers seeking to deliver projects at pace and scale. #RenewableEnergy
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