ibV Energy Partners, a developer of integrated solar and storage power plants across the U.S., and Exus Renewables North America, an independent owner, developer and operator of utility-scale renewable energy and energy storage projects, on September 29 announced that Exus has acquired four solar projects totaling 715 MWp from ibV. The deal builds on years of ibV’s development work while expanding Exus’ portfolio with projects in Wisconsin and Louisiana.
The projects include:
- Maple Grove Solar 1 & 2 — a two-phase 310 MWp project located in Barron County, Wisconsin.
- Bayou Teche Solar — a 125 MWp project located in St. Mary Parish, Louisiana.
- Bayou Chicot Solar — a 280 MWp project located in Evangeline Parish, Louisiana.
“ibV develops projects after careful site selection, with long-term project performance and relationships in mind,” said Chris McKissack, CEO of ibV Energy Partners. “We are proud to sell these projects to a renewable project development leader like Exus Renewables North America, known for their responsible and effective ownership in the communities where they operate.”
“The acquisition of these projects represents an important step in the continued growth of our development portfolio and reinforces our strategy of building a geographically and technologically diverse portfolio across the United States,” said Jim Spencer, President and CEO of Exus Renewables North America. “These projects are particularly attractive because of their potential to interconnect quickly in markets where demand growth is outpacing available generation. We are pleased to partner with ibV, which shares our belief that successful projects are built through meaningful community engagement and strong local partnerships. We look forward to building on that foundation as we advance the projects.”
Exus said that after the acquisition it will advance the projects through their next stages of development across Wisconsin and Louisiana.
ibV Energy Partners, an ib vogt company, is focused on the utility-scale segment. The company partners with wholesale power providers and corporate entities to address their resource planning process and long-term decarbonization goals. Active across 18 states, the company plays a key role in advancing community development initiatives while shaping discussions to accelerate a national shift to a clean energy economy.
ib vogt is committed to supporting the decarbonization of the global electricity sector. The company has a utility-scale renewable energy development platform with a global footprint. The group’s more than 20-year history includes a 17-year track record in utility-scale PV plants, and is also building a growing portfolio of wind and Battery Energy Storage Systems (BESS) projects. In these areas, the company performs all integral services of the value chain from development, financing, and EPC, to O&M and asset management.
Headquartered in Berlin, Germany, ib vogt operates across more than 32 countries worldwide, with a development strategy primarily focused on OECD markets and selected high-growth regions. The company manages a pipeline of around 29 GWp of PV, 9.70 GW of BESS, and 1.90 GW of wind projects, with nearly 574 MWp of PV, 29 MW of BESS, and 69 MW of wind currently under construction.
Exus Renewables North America is a leading independent owner, developer and operator of utility-scale renewable energy and energy storage projects. The company has offices in Pittsburgh, Pennsylvania; New York City; Albuquerque, New Mexico; and Connecticut. Exus have more than 6 GW in its total portfolio and more than 800 MW now operating or under construction.
—This content was contributed by the communications team for Exus Renewables North America.
