Exus Renewables
Exus Renewables is a Madrid-headquartered, PE-backed renewable energy firm that invests in, develops, owns, and operates utility-scale wind, solar, and storage projects across Europe, North America, and Latin America, serving institutional investors, utilities, and hyperscaler corporate buyers with 11 GW of managed capacity.
- Company typePrivate
- Founded2021
- HeadquartersMadrid, Spain
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Exus Renewables does
Exus Renewables is a privately held, Madrid-headquartered renewable energy investment, development, and asset management firm operating utility-scale wind, solar, and battery storage projects across Europe, North America, and Latin America. The company invests in, develops, owns, operates, and advises on renewable energy projects, managing a total capacity of 11,000 MW (1,460 MW operational or under construction and 7,139 MW in active development) across 8 countries, with regional headquarters in Madrid, Pittsburgh, Albuquerque, Cambridge, and Mexico City. Its technology stack centers on the ExusIQ+ Performance Optimization Suite, anchored by the Pitch Power+ predictive analytics tool for wind farm optimization, layered over a vertically integrated platform that spans greenfield development, project financing, construction oversight, and operational asset management.
The company generates revenue through three principal streams: recurring asset management fees on third-party renewable energy portfolios (e.g., Nuveen Infrastructure's 437 MWdc Texas solar mandate, Ingka Investments' 500+ MW across seven European countries, and a 3.3 GW North American solar portfolio); ownership-level revenue from selling electricity under long-term power purchase agreements with corporate buyers including Google, Meta, and Amazon; and development and advisory fees from project origination, acquisition, and co-development work. Distribution is exclusively direct enterprise sales, targeting utilities, infrastructure funds, pension and sovereign wealth funds, and corporate power buyers, with no channel intermediaries. The firm is backed by Partners Group (since October 2023) and has mobilized over $1 billion in corporate and project-level debt in the 18 months ending January 2026 to fund its development pipeline.
Recent strategic positioning reflects a pivot toward being a multi-region platform orchestrator rather than a single-asset developer, evidenced by the acquisitions of Ozone Renewables and a 60% stake in Masdar's Portuguese wind portfolio, entry into UK and Ireland markets, expansion into battery energy storage (Glennmont 800 MW Italy partnership), and growing institutional asset management mandates. Major financial partnerships with Santander, Barclays, ING, Nomura, Crédit Agricole, and MUFG, combined with technology integrations including Tesla Megapack storage and Sungrow BESS systems, suggest the company is building an institutional-grade operating platform to attract further third-party capital deployment.
Exus Renewables firmographics
Firmographics- Name
- Exus Renewables
- Legal name
- Exus Renewables
- Website
- https://exuspartners.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Exus Renewables is a Madrid-headquartered, PE-backed renewable energy firm that invests in, develops, owns, and operates utility-scale wind, solar, and storage projects across Europe, North America, and Latin America, serving institutional investors, utilities, and hyperscaler corporate buyers with 11 GW of managed capacity.
- Ownership category
- akta.pro rank
Exus Renewables industry classification
Industry- Product category
- Renewable Energy Asset Management and Development
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Portfolio Management and Investment Advice (523940)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Utility-Scale Power Generation Asset Management (EUAEAMAA)
- akta.pro secondary industries
- Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Repowering, Augmentation & Retrofit Integration (Capacity Expansion) (EUAEAEAL), Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where Exus Renewables is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices5 records
Markets served
Exus Renewables business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Asset Management Services: Asset management fees from managing renewable energy portfolios for third-party owners. Exus manages over 3.3 GW of solar assets in North America and provides services to institutional investors, utilities, and corporations.
- Project Ownership and Operations: Revenue from owning and operating renewable energy projects (wind, solar, storage) and selling electricity under PPAs or merchant arrangements.
- Development and Advisory Services: Development fees, advisory services, and transaction support for renewable energy projects across Europe, North America, and Latin America.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Exus Renewables product offering
Product offeringCore offering
Exus Renewables invests in, develops, owns, operates, and provides asset management and advisory services for utility-scale renewable energy projects (wind, solar PV, and battery storage) across Europe, North America, and Latin America. It manages a global 11,000 MW portfolio, secures long-term PPAs with corporate buyers, and operates the proprietary ExusIQ+ Performance Optimization Suite (with the Pitch Power+ Tool) for asset performance monitoring and predictive optimization.
Product overview
Exus Renewables is a global energy solutions provider offering an integrated renewable energy platform spanning project development, asset management, and performance optimization. The core offerings include a Project Development Platform for greenfield wind, solar, and storage projects across North America, Europe, and Latin America; Asset Management Services providing technical oversight, financial tracking, and operational strategy for utility-scale assets; and the ExusIQ+ Performance Optimization Suite featuring the Pitch Power+ Tool for predictive wind farm optimization. Notable project brands include the TAG Project (solar + storage), Zia Solar Portfolio, Keystone Wind Portfolio, and Cibele Solar Project. The company operates across 8 countries with 11,000MW total capacity in its managed portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- ExusIQ+ Performance Optimization Suite: Performance optimization suite including Pitch Power+ tool for renewable energy asset management and optimization
Products and services
- Asset Management Services Comprehensive asset management services for utility-scale solar, wind, and battery storage projects. Services include technical oversight, financial performance tracking, and operational strategy across multiple markets (including ERCOT and PJM), with production optimization and asset longevity management for third-party portfolio owners such as Ingka Investments, Nuveen Infrastructure, and BNZ.
- Project Development Services Integrated renewable energy development services spanning wind, solar, and battery storage projects. Includes greenfield development capabilities, early-stage project origination, site control, interconnection, and development across PJM, MISO, WECC, and SPP markets. Supports both organic greenfield development and acquired project pipelines.
- ExusIQ+ Performance Optimization Suite A proprietary performance optimization suite for renewable energy assets featuring predictive analytics capabilities. Debut component is the Pitch Power+ Tool, which optimizes wind farm performance, maximizes energy production, and improves operational efficiency across the managed portfolio.
- Project Acquisition and Ownership Services Acquisition, ownership, and divestiture of utility-scale renewable energy projects. Exus acquires operating or development-stage wind, solar, and storage assets from utilities, IPPs, and developers; holds them under long-term Power Purchase Agreements or merchant arrangements; and may co-develop or divest interests. Includes structuring of long-term PPAs with corporate offtakers such as Meta, Google, and Amazon.
Quantifiable outcome
- 116 GWh annual clean electricity generation from Polish wind farms for Amazon
- +3 more outcomes
Companies that use Exus Renewables
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Exus Renewables technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature2 records
Exus Renewables partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Nuveen InfrastructurecoreExus Renewables appointed to manage 437MWdc of utility-scale solar projects in Texas (Projects Sol, Crown, and Files) located in Falls County, Chilton, Hill County and Itasca. The partnership expands Exus' managed solar portfolio in North America to over 3.3GW. Multi-year agreement includes technical oversight, financial performance tracking and operational strategy.
- Masdar (Abu Dhabi Future Energy Company PJC)coreExus Renewables agreed to acquire 60% stake in Masdar's Portuguese wind portfolio of 9 wind farms in Guarda and Castelo Branco. Portfolio undergoing repowering to increase capacity from 144MW to 164MW, with 110MW solar hybridization. Masdar retains 40% stake. Repowered sites expected to power 200,000+ households and avoid 41.7 kilotons CO2 annually.
- Glennmont PartnerscorePartnership to deploy 800MW of battery energy storage projects in Italy, with Exus providing development and asset management expertise.
- Deutsche WindXpertsminorAcquisition of 69MW Westphalia wind portfolio in Germany, Exus' first owned wind project in Germany. Construction scheduled to start in 2026 with commercial operation in 2028.
- Lightsource bpminorExus Renewables acquired 130MW Cibele solar project in Portugal's Alentejo region from Lightsource bp. MUFG provided financing for the project.
- Ingka Investments (IKEA)coreIngka Investments awarded 5-year asset management contracts covering 500+ MW across 23 wind farms and one grid asset in France, Germany, Poland, UK, Ireland, Sweden, and Lithuania. Contracts consolidate service providers under standardized performance-driven management.
- BNZminorExus Renewables appointed asset manager for 350MW BNZ Spanish solar portfolio, one of Spain's first non-utility BESS operators.
- Grupo EnholminorAcquired 51MW Spanish wind farm from Grupo Enhol, expanding Exus' wind energy holdings in Spain.
Scale indicators15 records
Recent moves7 records
Expansion highlights6 records
Exus Renewables competitors and assessment
Company assessmentDirect peers
- EDP Renováveis (EDPR): One of the world's largest wind and solar developers with a global multi-region footprint and active asset management franchise. EDPR competes with Exus in Europe and increasingly in North America for renewable development, PPAs, and asset management mandates.
- Lightsource bp: Global utility-scale solar developer and asset manager, recently a counterparty to Exus (Cibele acquisition). Highly comparable on solar project development, asset management for institutional capital, and integrated platform model across Europe and Americas.
- Glennmont Partners: Clean energy infrastructure fund manager owned by Nuveen. Glennmont is both a direct partner with Exus (800 MW Italian BESS) and a comparable asset manager focused on renewable energy for institutional investors, with similar European weighting.
- BayWa r.e. Global renewable energy developer, service provider, and asset manager with strong European and Americas presence. Closely comparable integrated platform covering project development, operations, and asset management for institutional investors.
- Copenhagen Infrastructure Partners (CIP): Leading renewable energy infrastructure fund manager investing across wind, solar, and storage. Highly comparable as a fund-led developer/asset manager competing for similar institutional mandates and greenfield projects in Europe and North America.
Broad incumbents
- Iberdrola Renewables: One of the world's largest renewable energy operators with a deep Iberian presence. Competes with Exus for Spanish/European wind projects, PPA customers, and asset management mandates, though as part of a much broader utility portfolio.
- Acciona Energía: Major Spanish-headquartered utility-scale renewable developer with global operations and a sizable asset base. Direct overlap with Exus in Iberian wind/solar development and corporate PPA origination.
- RWE Renewables: European incumbent utility with one of the largest renewable generation fleets. Competes with Exus across European wind and solar markets for project acquisitions and PPA customers as part of a wider generation portfolio.
- Engie Renewables: Global utility with a major renewable generation footprint and significant asset management activities. Competes with Exus for European and Americas project acquisitions, PPAs, and grid-scale storage opportunities.
Emerging players
- Aermont Capital: European private equity real-asset manager with significant renewable energy infrastructure exposure. Comparable to Exus in deploying institutional capital into European wind and solar assets alongside operational partners.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Exus Renewables social profiles
Digital presenceExus Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
Exus Renewables leadership team
Management profileNumber of profiles
Profiles10 records
Exus Renewables subsidiaries and ownership
Company hierarchySubsidiaries1 record
Exus Renewables funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Exus Renewables M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Exus Renewables
What does Exus Renewables do?
Exus Renewables invests in, develops, owns, operates, and provides asset management and advisory services for utility-scale renewable energy projects (wind, solar PV, and battery storage) across Europe, North America, and Latin America. It manages a global 11,000 MW portfolio, secures long-term PPAs with corporate buyers, and operates the proprietary ExusIQ+ Performance Optimization Suite (with the Pitch Power+ Tool) for asset performance monitoring and predictive optimization.
Is Exus Renewables a public or private company?
Exus Renewables is a private company. It is classified as venture growth investor backed and is currently operating.
When was Exus Renewables founded?
Exus Renewables was founded in 2021. It employs 101 to 250 people.
Where is Exus Renewables based?
Exus Renewables is headquartered in Madrid, Spain, in the Europe region.
How does Exus Renewables make money?
Three revenue lines are on record. Asset Management Services are the primary driver. The others are project Ownership and Operations and development and Advisory Services.
Who are Exus Renewables's main competitors?
Direct peers on record are EDP Renováveis (EDPR), Lightsource bp, Glennmont Partners, BayWa r.e. and Copenhagen Infrastructure Partners (CIP). Broad incumbents are Iberdrola Renewables, Acciona Energía, RWE Renewables and Engie Renewables. Aermont Capital is listed as an emerging player.
Does Exus Renewables have an API?
No public API is recorded for Exus Renewables.
What industry is Exus Renewables in?
Exus Renewables's product category is Renewable Energy Asset Management and Development. Its primary akta.pro industry code is EUAEAMAA, Utility-Scale Power Generation Asset Management, with a secondary code of EUAEAAAG, Solar PV Power Plant EPC (Utility-Scale). Its NAICS code is 2211 and its SIC code is 4911.