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Exus Management Partners is an independent investment and asset management firm focused on the renewable energy sector (wind, photovoltaic and small hydro).

Exus Management Partners is an independent investment and asset management firm focused on the renewable energy sector (wind, photovoltaic and small hydro). Our firm combines comprehensive financial, technical and operational know-how which ensures turn-key investment solutions developed along two lines:

I) Origination and structuring of equity, debt or hybrid investments ;

(Ii) Fully integrated management and operation of renewable energy assets .

With more than 20 years of experience in the renewable energy sector Exus Management Partners has in-depth understanding of the complexity and fragmentation of this market bridging the gap between private and institutional investors and specific renewable energy assets.
Exus Management Partners highly multidisciplinary team, well reputed in the sector, has proven capability to manage diverse portfolios, in different markets, providing attractive tailor-made investment solutions.

Our team has unique core competencies to optimize and technically enhance the performance of energy assets, to assess and manage risk, seeking to adapt each project's return to investor's expectations.

Exus has presence in Spain, Portugal, Italy, Brazil, US and Mexico with a total of 1.5 GW under management.







Comprehensive Technical and Operational Expertise

Our team members have been responsible for the development, construction and operation of more than 7,000 MW (wind, solar and hydro), having extensive knowledge of the renewable energy sector.





Sophisticated Financial Expertise

Our experience in the industry, consulting, mergers and acquisitions (M & A), corporate and project finance is critical to the achievement of innovative and attractive investment solutions.

Flexible and attractive investment strategy

We have know-how and tools to provide tailored investment solutions adapted to our clients' return expectations and we develop a business model designed to drive investors to flexible exit opportunities.

Exus_strengths

Exus Management Partners consolidates both experience and technical and financial expertise
to provide innovative solutions for investors.

António Gellweiler



Partner LISBON

Prior to co-founding Exus Management Partners, António was Vice-Chairman of Iberwind, the second largest wind operator in Portugal with almost 700 MW of installed power capacity in wind. Between 1996 and 2003 he founded and served as Chief Executive Officer at Finerge, a company with more than 300 MW of wind and cogeneration plants built. António was also exclusive agent for Enercon in Portugal up to 2008.
António is owner of an equivalent total wind farm capacity of 48 MW in operation in Portugal and France and currently member of APREN board (Portuguese renewable energy promoter’s association).
António graduated with a B.A. in Business Administration and Economics from Richmond College of London.


Luís Adão da Fonseca



Partnerl LISBON

Prior to co-founding Exus Management Partners, Luis was a member of the Executive Committee of EDP Renewables (EDPR), the third largest wind developer in the world. While at EDPR, from 2004 to 2008, Luis was the Chief Financial Officer and from 2008 to 2012, as Chief Business Development Officer, he was responsible for expanding EDPR international business covering 11 different geographies.

Previously Luis worked at McKinsey & Co., where he is currently also Senior External Advisor for Renewable Energies.

Luis received his M.B.A from INSEAD, his Master in Risk Management from NYU - Leonard N. Stern School of Business and has a degree in Economics from Universidade Católica Portuguesa.


James Spencer



Partner l PITTSBURGH

Jim  has over  30 years of experience in the power industry , managing the development and financing of energy projects in developed and developing countries. He was the  founder, President and CEO of  EverPower .

Previously, Jim worked for Renewable Energy Systems Limited (RES) and Sithe Energies across Asia and in Australia.  Jim was  responsible for business development and project finance activities  throughout the Asia Pacific Region for more than 20 years.

He began his career as an attorney in the energy project finance group at Chadbourne & Parke LLP. He also worked for Prudential Capital Corporation as a VP of corporate finance in the Utilities & Finance Group.

Jim holds a BA from Duquesne University and a JD from the University of Pittsburgh.


Pedro Fragoso



Partner l SAO PAULO

Pedro co-founded Exus in Brazil in 2018. He was a Founding Partner of Global Capital Partners, a Brazilian renewables Asset Management company.

Pedro has extensive experience in investment management, having advised global infrastructure and private equity funds in selecting, executing and completing deals totaling more than USD 10 Bn in equity and debt. Pedro brings his investor relations and M&A capabilities to Exus in Brazil, advising local and international investors in selecting and executing renewable assets transactions, as well as monitoring and exiting investments.

Previously, Pedro had spent fifteen years with The Boston Consulting Group and Roland Berger in Europe and Latam leading and developing the energy, strategy, private equity and M&A practices. He also served as CEO of Mobi.E International, an European electric mobility payment systems venture.

Pedro earned an MBA from INSEAD and a Business Administration degree from Universidade Católica Portuguesa.


Diogo Saalfeld Reis



Partner l MADRID

Before co-founding Exus Management Partners, between 2010 and 2014 Diogo was a director of Plenium Partners, an investment firm focused on renewable energy with €2bn of assets under management.

Between 2009 and 2010, Diogo worked at the European Investment Fund where he was involved in direct investments in private equity and venture capital funds in Spain and Portugal. Previously, he worked for Banco BPI in Portugal as part of the Project Finance Team.

Diogo started his career on the Boston Consulting Group, Lisbon office, where he was a member of the Energy Practice Area team. Diogo received his M.B.A. from IE Business School and graduated in Business Management from Universidade Católica Portuguesa.


Andrew Golembeski



Partner l PITTSBURGH

Prior to joining Exus Partners, Andrew was  co-founder and  Chief Operating Officer at EverPower . He was responsible for the  procurement, engineering, construction and operation of  wind farm assets.

Andrew has more than  25 years in the power industry  in both traditional and renewable energy sectors. His power experience encompasses  wind, solar, hydroelectric, combustion turbine combined cycle, reciprocating engines, and coal .  Prior to EverPower, Andrew was a Vice President at Sithe Energies.

Andrew received an MBA in Finance from NYU Stern School of Business. He also received a Bachelor of Engineering degree from New York Maritime College and is a licensed Merchant Marine Engineer.


Alexandre Machado



Partner l SAO PAULO

With over  21 years of experience in the energy sector , Alexandre served as Chief Operating Officer of Renova Energia where  he managed c.1.500 MW portfolio of wind, hydro, photovoltaic   before co-founding Exus Management Partners in Brazil .

Prior to Renova  he worked for Voith Hydro,SIEMENS and ABB (Brazil & Germany)  where he focused on the development, engineering , construction, asset management and operations of energy projects.
Alexandre graduated in Electric Power Systems (PhD,MSc) from São Paulo University, Wind Energy Engineering(MSc) from Fraunhofer IWES/University Kassel , International Management(MBA) from Stuttgart University and Power System Engineering from Federal University of Itajubá.


Carlos Tello



Partner l MADRID

With over 12 years of experience in the energy sector, Carlos served as Chief Operating Officer of Plenium Partners where he managed c.1.000 MW portfolio of wind, hydro, photovoltaic and concentrated solar power projects in several EU countries, before co-founding Exus Management Partners.

Prior to Plenium he worked for Scottish Power Renewable (United Kingdom) and Iberdrola (Spain) where he focused on the management, development, operations and maintenance of energy projects.

Carlos graduated from University of KTH Stockholm (Sweden), EMN Nantes (France) and ETSII at Universidad Politécnica de Madrid (Spain) with an MSc in Management and Engineering of Environment and Energy.


Nicolás Matos Martinón



Partner l PITTSBURGH

Before joining Exus Management Partners, Nicolás worked for over  5 years as an investment banker  at Bank of America Merrill Lynch, Royal Bank of Canada and Nomura with a focus on power and energy, based in London and Madrid.

Nicolás has a deep knowledge of the power generation and renewable markets  and has been involved and executed a great variety of M&A transactions, initial public offerings and financing transactions in the sector. Additionally, he possesses  ample experience in project finance and financial structuring .

Nicolás holds a degree in Business Administration and a degree in Law from the Colegio Universitario de Estudios Financieros (CUNEF).


Nelson Quinta



Partner l LISBON

Prior to joining Exus Management Partners, Nelson served as Manager of the Iberwind Group’s Business Development Department.

Working in the energy sector for nearly 20 years and experienced in the wind business for around 15 years, Nelson was director and project manager of some of the largest wind operators in Iberia, having participated in the development and construction of approximately 500 MW wind projects in Portugal and Europe.

Nelson holds a Master in Thermal Engineering from the Faculty of Engineering of the University of Porto and a MSc in Mechanical Engineering from the Faculty of Sciences and Technology of the University of Coimbra.


Dhaval Bhalodia



Partner l PITTSBURGH

Dhaval has over  10 year of experience in renewable energy ; he specializes in asset management and optimization. Prior to joining Exus Partners, he was the  Director of Asset Optimization at EverPower  where he lead the control room, and was responsible for managing data and SCADA overlay for all the wind farms. Dhaval also  develops and manages advance analytical tools  used to identify performance issues with wind turbines, and leads the troubleshooting and resolving of such identified problems.

Before EverPower, he worked as a  Wind Turbine Performance and Diagnostics Engineer for General Electric Renewable Energy , focused on optimizing the performance of wind turbines.

Dhaval holds an Aerospace Engineering degree from Penn State.


Michael Naylor



ADVISORY COUNCIL CHAIRMAN

Michael Naylor has been a board member and private investor in a number of successful clean energy related businesses, most notably K Road Solar LLC and K Road DG LLC in North America; and New Energy Finance (which was sold to Bloomberg) and Soltech Energy Sweden AB in Europe.
Michael is a Non Executive Director of the London FTSE listed Jupiter Green Investment Trust plc, where he is Chairman of the board.
Advisory Board appointments include the $400 million Toronto based water private equity fund XPV Capital LLP, and the $1.3 billion Energy Fund III of the emerging markets private equity firm Actis.
Michael was a founding board member of the NTR Foundation, a non-profit created to address the challenges posed by the issues of climate change, resource sustainability and security of energy supply.
In 2013, Michael joined the board of the University of Cambridge Institute for Sustainability Leadership (CISL).


Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 161

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 762

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 210

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 1.007

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 819

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 2.000

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 1.612

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 3.000

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 796

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 3.248

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 3.142

Exus Management Partners team members have a strong track record of successful transactions in the renewable energy sector,
having collectively developed projects in 4 different continents.
Total MW: 1.300


Since Exus Management Partners was founded in 2015, the company has already successfully structured and developed
an attractive asset portfolio with over 500 MW and with more than € 180M of equity raised and under management.


  • Wind Farm located in Northern Portugal

  • 50 MW

  • Commissioning in 2015

  • Wind turbine supplier: Gamesa

  • Exus Management Partners role:
    Sourcing / Financing / Execution / Development & Asset Management


  • Wind Farm located in Northern Spain

  • 30 MW

  • Commissioning in 2010

  • Wind turbine supplier: Ecotécnia (Alstom)

  • Exus Management Partners role:
    Sourcing / Transaction Structuring & Asset Management


  • Wind Farms located in Northern Spain and Northern Portugal

  • 46,4 MW (Spain) and 8MW (Portugal)

  • Commissioning in 2004 (2,4 MW) and 2012 (52MW)

  • Wind turbine supplier: Gamesa

  • Exus Management Partners role:
    Sourcing / Transaction Structuring & Asset Management


  • Wind Farm in Northern Portugal

  • 172 MW

  • Commissioning in 2015 / 2016

  • Wind turbine supplier: Senvion

  • Exus Management Partners role:
    Sourcing / Transaction Structuring & Asset Management


  • Wind Farms located in Northeastern Spain

  • 70 MW

  • Commissioning in 2010

  • Wind turbine supplier: Vestas

  • Exus Management Partners role:
    Sourcing / Transaction Structuring & Asset Management


  • Wind Farn in Northern Spain

  • 18 MW

  • Commissioning 2010

  • Wind turbine supplier: Vestas

  • Exus Management Partners role:
    Origination / Structuring and Asset Management

 

  • Photovoltaic Plant located in Northern Spain

  • 4 MW

  • Commissioning in 2012

  • Panels : Canadian solar, Inverters: Ingeteam

  • Exus Management Partners role:
    Sourcing / Transaction Structuring & Asset Management


 

  • 4 Wind Farms located in Spain

  • 105 MW

  • Commissioning in 2009 (30 MW), in 2012 (75 MW)

  • Wind turbine supplier: Vestas, Gamesa

  • Exus Management Partners role:
    Sourcing / Transaction Structuring & Asset Management


  • 12 Photovoltaic Plants located in Southern Portugal

  • 200 MW

  • To be commissioned in 2017

  • Exus Management Partners role:
    Development/Construction/ Transaction Structuring & Asset Management


  • 8 Wind Farms located in Northern Spain

  • 336,5 MW

  • Commissioning in 2006 (63,5 MW), 2007 (202,5 MW), 2009 (24 MW) and 2010 (46,5 MW)

  • Wind turbine supplier: Vestas, GE and Ecotécnia (Alstom)

  • Exus Management Partners role:
    Sourcing / Transaction Structuring & Asset Management


  • Wind Farm located in Northern Spain

  • 9 MW

  • Commissioning: 2013

  • Wind Turbine supplier: Vestas

  • Exus Management role:
    Asset management


  • Photovoltaic plant located in Western Spain

  • 3,3 MW

  • Commissioning: 2008

  • Panels: Jumao Sunenergy, Investers: Enertron

  • Exus Management Partners role:
    Development & Asset Management


  • Wind farm located in Northern Spain

  • 27 MW

  • Commissioning: 2016

  • Wind Turnine supplier: Vestas

  • Exus Management role:
    Sourcing / Transaction Structuring & Asset Management


  • Wind farm in Eastern Brasil

  • 44 MW

  • Comissioning: 2008

  • Wind turbine supplier: Enercon

  • Exus Management Partners role:
    Development & Asset Management

Totals

1.5 GW




Parque Eólico Pisco

Ancora Wind

WindArt Âncora Wind 360º view

Making of 'WindArt Âncora Wind 360º view'





Exus Management Partners
Paseo de la Castellana, 60, 3rd
28046 Madrid - Spain

+ 34 910 149 184



Exus Management Partners
Av. Eng. Duarte Pacheco, Amoreiras
Torre 2, 16 º piso, C
1070-102 Lisboa, Portugal
+ 351 213 407 160



1001 Liberty Ave, Suite 1025
Pittsburgh, PA.
15222, US

+1 (412) 785-7125



Rua Funchal, 418 - 35th floor
04551-060 São Paulo
Sp. Brazil

+55 (11) 2124-3703


© Exus Management Partners 2015