Exus Renewables has secured an asset management contract with BNZ for 350 megawatts (MW) of solar projects spread across Spain. This deal encompasses technical and commercial asset management for 11 solar projects and one holding company.
Strategically located across the country, these solar plants are slated to commence commercial operations between May 2024 and June 2025. Exus will oversee comprehensive technical and financial asset management, including regular maintenance and performance monitoring to maximize energy production.
As part of the agreement, Exus will provide BNZ access to their custom solar optimization and reporting tool, BlueSky, aiming for meticulous oversight to analyze, maximize, and set performance benchmarks across all projects.
“Exus will deliver full technical and financial asset management, ensuring all projects are financially sound and prepared for successful operations,” said Diogo Reis, Chief Executive at Exus Renewables. “This partnership underscores our shared commitment to advancing renewable energy solutions and exemplifies Exus' dedication to playing a vital role in advancing the renewable energy transition in the region.”
Before commercial operation dates, Exus will provide BNZ with detailed financial planning and reporting to mitigate financial risks and ensure smooth transitions to full operation. Rigorous project oversight aims to optimize revenues, sustain profitability, and ensure long-term stability and reliability.
“We are thrilled to deepen our collaboration with Exus through this significant milestone,” commented Luis Selva, Managing Director at BNZ. “Our focus is on ensuring stable returns, optimizing operational efficiency, and maximizing the performance of our portfolio.”
