Copenhagen Infrastructure Partners (CIP) has selected Exus Management Partners (Exus) to provide of asset management services for the 700 MW Travers Solar Project. The long-term contract will last until the building phase is completed and the project is expected to be completed by the end of 2022.
The project, located in Vulcan County, Alberta, is CIP’s first renewable energy investment in Canada and it will require a partner to execute the project’s long-term operations, maintenance, and financial operations. Exus will provide custom solar monitoring and optimization tools to rapidly identify degradation, soiling, and asset damage before sending engineers on-site to assess and resolve any issues. This will inevitably reduce downtime and extend the lifetime of the solar modules.
Initially, there had been a delay in the project’s development, which was scheduled to begin in 2019, and it was also claimed that Travers would have a generation capacity of just 400 MW, aided by a CA$500 million investment from Copenhagen Infrastructure Partners.
Currently, Exus also has other ongoing projects such as the 240 MW wind plant in Illinois, United States. The planned initiatives have the potential to offset about 620,000 tonnes of carbon dioxide emissions each year. Exus Management Partners is an independent investment and asset management firm focused on the renewable energy sector. The firm works on behalf of an increasing variety of investors to source investment opportunities, acquire assets and undertake full technical and commercial management of renewable energy portfolios worldwide.