Exus Renewables Secures $400 Million Credit Facility to Power US Data Center Expansion
January 9, 2026
In a significant move to address the escalating energy demands of the US data center industry, Exus Renewables North America has successfully closed a $400 million senior secured corporate credit facility. This financing underscores the critical intersection of renewable energy development and digital infrastructure growth, as tech giants increasingly seek reliable, clean power to fuel their expanding operations.
The credit facility, announced this week, will fund the expansion of Exus's utility-scale portfolio of wind, solar, and battery storage projects across North America. The proceeds are earmarked for critical early-stage development costs, including interconnection deposits, equipment procurement, and securing commercial offtake agreements. This strategic capital injection strengthens Exus's position to respond to surging demand from hyperscale data centers, manufacturers, and other industrial customers requiring long-term power solutions.
The scale of Exus's ambition is reflected in its development pipeline, which includes over 700 megawatts (MW) of renewable capacity already in operation or under construction, with an additional 4.5 gigawatts (GW) in active development. The company has already secured major power purchase agreements (PPAs) with leading technology firms, signaling intense competition for new generation capacity. Notably, Exus inked a 35MW wind PPA with Google in Spain last year and is developing a 140MW solar plus 50MW battery storage project in New Mexico to support Meta's data center operations.
"The financing will support development activity across Exus’s North American pipeline," the company stated, highlighting that the facility directly enables its growth to meet huge demand emanating from the data center market.
The transaction was arranged by a syndicate of global financial institutions, with Santander, Barclays, ING Capital, and Nomura Securities International acting as coordinating lead arrangers. ING and Nomura also served as green loan coordinators for the facility.
This deal is a clear indicator of the evolving energy landscape for data centers. As artificial intelligence and cloud computing drive unprecedented power consumption, renewable energy developers like Exus are becoming pivotal partners. The $400 million facility not only accelerates Exus's project development but also exemplifies the growing flow of institutional capital into infrastructure designed to sustainably power the digital economy.
Source: datacenterdynamics
