Exus Renewables North America has secured $308.2m for its utility-scale renewable energy projects across the US.

The funding will support the development of solar and wind power projects.

This includes the 185MW Zia solar power portfolio in the state of New Mexico and the 169MW Keystone wind portfolio in Pennsylvania.

The Zia solar power portfolio has received $149.6m in financing. It consists of nine operational solar farms situated throughout New Mexico, including locations such as Deming, Los Lunas, Albuquerque, Moriarty, and Rio Rancho.

This 185MW portfolio is backed by long-term power purchase agreements (PPAs) with the Public Service Company of New Mexico, the Central New Mexico Electric Cooperative, the Columbus Electric Cooperative, and the city of Rio Rancho, with terms extending from 20 to 25 years from the start of commercial operations.

The financing, which was finalised in May 2025, was led by ING Capital and PNC Capital Markets.

Exus Renewables North America president and CEO Jim Spencer stated: "Securing this financing across two distinct portfolios demonstrates the strength of our platform and the market's confidence in our execution capabilities.

"From desert solar farms powering data centres to repowered wind turbines in Pennsylvania, we're building the infrastructure that will define America's energy future."

In Pennsylvania, Exus finalised $158.6m for its Keystone wind portfolio, which includes the Twin Ridges (139MW) and Patton (30MW) wind projects.

KeyBanc Capital Markets was the coordinating lead arranger, alongside Crédit Agricole Corporate and Investment Bank and Societe Generale as joint lead arrangers.

This financing facilitates the recent repowering of Twin Ridges, which attained its repowering commercial operation date in 2024.

The portfolio is supported by a variety of offtake agreements, with Vitol as the primary counterparty for PPAs and renewable energy certificates across the assets.