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FinanceExus Renewables secures $356m construction financing for two Pennsylvania wind farms
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Exus Renewables North America has closed approximately $356 million in construction financing to support two wind energy projects in Pennsylvania, US. The financing will go towards the Cambria Wind Farm (61.6MW) and the Highland North Wind Farm (75MW), both located in Cambria County and currently being repowered. KeyBanc Capital Markets coordinated the arrangement with additional financial partners. Both facilities will be equipped with turbines from Vestas and are expected to begin commercial operations in September 2026. These developments will increase Exus Renewables' wind energy capacity in Pennsylvania, where it already owns over 306.9MW, including the operational Twin Ridges Wind Farm. Exus Renewables North America president and CEO Jim Spencer noted that demand for clean energy from data centers and large corporations is accelerating. Hunton Andrews Kurth provided legal counsel to Exus, while Paul Hastings advised the lenders.
Source report
Exus Renewables North America has closed approximately $356 million in construction financing to support two wind energy projects in Pennsylvania, US.
The financing will fund the Cambria Wind Farm and the Highland North Wind Farm, both located in Cambria County. KeyBanc Capital Markets coordinated the arrangement, with participation from additional financial partners.
Project Details
- Cambria Wind Farm: A 61.6 MW repowered project currently under construction in Adams Township. Commercial operations are expected to begin in autumn 2026.
- Highland North Wind Farm: Also being repowered, with a capacity of 75 MW.
Both facilities will be equipped with turbines from Vestas.
Statements from Key Figures
Andy Redinger, Managing Director and Head of the Utility, Power and Renewable Energy Group at KeyBanc Capital Markets:
"KeyBank has a long history in Pennsylvania, and we are proud to support projects that expand clean energy generation while creating economic opportunities across the Commonwealth. Highland North and Cambria are high-quality projects led by an experienced developer, and this financing underscores our confidence in Exus and the long-term strength of the renewable energy sector."
Jim Spencer, President and CEO of Exus Renewables North America:
"The demand for clean energy from data centres and large corporations isn't slowing down, it is accelerating. For good developers with strong pipelines and quality sponsors, the capital is there, and this is exactly the kind of execution we are built for."
Broader Context
These developments will increase Exus Renewables North America's wind energy capacity in Pennsylvania, where it already owns more than 306.9 MW, including the operational Twin Ridges Wind Farm in Somerset County (139.4 MW).
The company expects both the Cambria and Highland North sites to be commissioned in September 2026.
Legal and Advisory
- Hunton Andrews Kurth provided legal counsel to Exus on the transaction.
- Paul Hastings advised the lenders.
About Exus Renewables
Exus owns, develops, and operates utility-scale renewable energy and energy storage projects across the US. The company's portfolio includes more than 6 GW, with over 700 MW currently operating or under construction.
In July 2025, Exus Renewables raised $308.2 million to finance utility-scale solar and wind projects throughout the US.
This article was originally created and published by Power Technology, a GlobalData owned brand.
Source
Yahoo FinanceWestern
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Exus Renewables secures $356m for Pennsylvania wind farms