Located in Vulcan County, Alberta, the project represents CIP’s first renewable energy investment in Canada to date, requiring a trusted partner to execute the long-term operations, maintenance and financial operations across the project.
Exus’ technical in-house team will offer CIP a digital monitoring and analysis package to enable complete oversight over the farm’s solar performance and optimization capabilities.
Dhaval Bhalodia, Partner and Head of Asset Management North America at Exus, said: “Timely and effective asset management is crucial to the running and performance optimization of solar PV projects. By providing financial, technical and operational asset management services Exus will be able to minimize delays, reduce costs and optimize returns for CIP. We are proud to be providing best-in-class asset management services in our strengthening relationship with one of the world’s largest renewable energy fund managers.”
In addition to carrying out regular compliance reports, billing and grounds management services, Exus will provide custom solar monitoring and optimisation tools to rapidly identify degradation, soiling and asset damage before sending engineers on-site to assess and resolve any issues – ultimately reducing downtime and extending the lifetime of solar modules.
Mads Skovgaard-Andersen, Partner at Copenhagen Infrastructure Partners, said, “CIP is excited to have engaged Exus as our Asset Manager for our first project in Canada – a large onshore solar farm. We look forward to continuing the strong cooperation we have already established with Exus for renewable projects in the US.”
Exus won the long-term contract following a competitive bidding process and a limited notice of proceeding for financial management earlier this year, which will continue until the construction phase is completed. The project is set to become operational towards the end of 2022.