Exus acquires large US solar projects from ibV Energy in data center hot spots Louisiana and Wisconsin

• The 715 MW portfolio includes Maple Grove Solar 1 & 2 (310 MW) in Wisconsin, Bayou Teche Solar (125 MW) and Bayou Chicot Solar (280 MW) in Louisiana—enough capacity to power over 500,000 homes
• Exus CEO Jim Spencer expects to secure offtake agreements within four to six weeks, negotiating with both Big Tech hyperscalers and utilities serving data center load
• The projects offer value through relatively quick grid interconnection in regions where demand outpaces generation, with ibV having secured grid connections with MISO roughly five years ago

Exus Acquires 715 MW Solar Portfolio for Data Center Power Demand

U.S. power developer Exus Renewables North America has acquired four large-scale solar projects totaling approximately 715 megawatts from ibV Energy Partners, nearly doubling Exus' renewable energy portfolio. The projects are strategically located in Louisiana and Wisconsin—both fast-growing markets for data center development.

Project Details:

• Maple Grove Solar 1 and 2: 310 MW two-phase project in Barron County, Wisconsin
• Bayou Teche Solar: 125 MW in St. Mary Parish, Louisiana
• Bayou Chicot Solar: 280 MW in Evangeline Parish, Louisiana
• Combined capacity can power over 500,000 homes

Key Transaction Points:

Financial terms were not disclosed. ibV Energy Partners spent approximately five years securing grid connections with the Midcontinent Independent System Operator. Exus will construct and operate all facilities.

Market Implications:

The acquisition addresses surging U.S. electricity demand driven by rapid data center expansion and broader electrification trends. Supply constraints and grid capacity limitations have created premium valuations for projects with quick interconnection timelines. CEO Jim Spencer stated, "If renewable energy is available for data centers, it will be contracted."

Exus is currently negotiating offtake agreements with potential customers, including Big Tech hyperscalers and utilities serving data center loads, expecting to finalize deals within four to six weeks.

Strategic Significance:

The transaction highlights how prepared, well-engineered projects in high-demand regions command premium prices. Both Louisiana and Wisconsin face data center development outpacing utility and grid operator capacity, making these solar assets particularly valuable for meeting immediate power needs in electricity-constrained markets.