Independent power producer BNZ has awarded Exus Renewables an asset management contract for 350MW of solar projects in Spain.
Exus will provide comprehensive technical and financial asset management services for 11 solar projects and one holding company.
The projects, which are strategically positioned across the country, are scheduled to commence commercial operations between May 2024 and June 2025.
Exus' team will utilise its proprietary solar optimisation and reporting tool, BlueSky, to offer BNZ advice and insights.
The tool will enable complete oversight and performance benchmarking across all projects, aiming to enhance their output and profitability.
Before commercial operating dates, Exus will also assist BNZ with detailed financial planning and reporting.
The financial management prepares the projects for successful operations while mitigating any potential financial risks.
Exus' project oversight will optimise revenues and ensure the projects' long-term viability and profitability.
It will implement risk management practices to maintain stability and reliability throughout the lifespan of the solar projects.
Exus Renewables CEO Diogo Reis stated: “We are excited to embark on this significant collaboration with BNZ.
“Our comprehensive approach to asset management will support BNZ in achieving optimal performance and sustainability across their portfolio.
“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.”
The signing of the latest contract builds on a long-term collaboration between BNZ and Exus.
BNZ managing director Luis Selva stated: “We are thrilled to deepen our collaboration with Exus through this significant milestone.
“With proven expertise and a commitment to excellence, Exus will provide technical and commercial management for key photovoltaic projects.
“Our focus is on ensuring stable returns, optimising operational efficiency, and maximising the performance of our portfolio.”
