Exus Renewables Closes $400m Credit Facility

Exus Renewables North America has closed a $400 million senior secured corporate credit facility to fund the expansion of its utility-scale wind, solar, and battery storage portfolio. The company noted that the expansion would support it in meeting huge demand emanating from the data center market, where it has already signed several offtake agreements.

The financing will support development activity across Exus’ North American pipeline, which includes more than 700MW of renewable capacity in operation or under construction and a further 4.5GW in active development. Proceeds will be used for interconnection deposits, equipment procurement, commercial offtake arrangements, and other early-stage project costs.

The company said the facility strengthens its ability to respond to growing demand from hyperscale data centers, manufacturers, and industrial customers seeking long-term access to reliable power. Exus has recently signed major power purchase agreements with large technology companies, including Google and Meta, reflecting increased competition for new generation capacity in key US markets.