The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jun 16 | Project acquisition | Wind | Babcock & Brown | NRG Energy | 101.2 MW | TX | Closed | NRG Energy completed its acquisition of the 101 MW South Trent wind farm near Sweetwater, Texas after Public Utility Commission of Texas approval. | |
| Jun 15 | Corporate PPA | Solar | Recurrent Energy (Canadian Solar) | Austin Energy | 30 MW | TX | Closed | Original 25-yr PPA signed 2010 at ~$165/MWh — at the time the largest single solar farm in the US east of California. Texas Tribune (May 2014) referenced Austin Energy paying significantly higher legacy rate before 2014 RFP. Webberville Solar Farm in Manor, TX, on 380 acres. Disclosed PPA strike price reported in primary source. Discovered via DealFlow research sweep (agent: ercot-munis-coops). | |
| Jun 15 | Corporate PPA | Wind | Edison Mission Group / Clearway Energy Group | CPS Energy (San Antonio) | 150 MW | TX | Closed | 100% of output sold to CPS Energy under 20-yr PPA. Repowered 2024-2025 by Clearway Energy Group to 160 MW; CPS continues 100% offtake through 2045. Price not publicly disclosed. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: ercot-munis-coops). | |
| Jun 15 | Utility PPA | Wind | NextEra Energy Resources | Basin Electric Power Cooperative | 99 MW | SD | Closed | Basin Electric will purchase the entire output of NextEra's 99 MW Day County wind farm in South Dakota, with output sold to the Western Area Power Administration in the first three years of operation. |
Change of Control
8 movesMichael A. Brown joined as Senior Vice President, General Counsel and Corporate Secretary at Clearway Energy, Inc. (from Vice President, Assistant General Counsel and Corporate Secretary, The New York Times Company)
Clearway Energy — one of the largest US clean-energy generation owners, with assets across 27 states — brought back a former in-house lawyer to take its top legal seat, succeeding retiring GC Kevin Malcarney. Brown returns from The New York Times Company, where he was assistant GC, after an earlier 2014-2021 stint at Clearway and NRG Yield.
Kevin P. Malcarney departed Clearway Energy, Inc. as EVP, General Counsel and Corporate Secretary
Kevin Malcarney is retiring as Clearway Energy's top lawyer effective June 1, capping a tenure that spanned the company's growth into one of the largest US clean-energy owner-operators since he took the GC seat in 2018. He remains a non-executive employee through June 26; Michael A. Brown succeeds him.
Erik Johnson departed SOLV Energy as Chief Strategy Officer
Erik Johnson resigned as Chief Strategy Officer of SOLV Energy — the utility-scale solar EPC that went public in February 2026 — and transitioned to a non-executive employee role through year-end. No successor was disclosed in the 8-K.
Jing Nealis joined as Chief Financial Officer at NeoVolta Inc. (from Chief Financial Officer, SES AI Corporation)
NeoVolta, a San Diego-based battery-storage maker, hired Jing Nealis as CFO from EV-battery firm SES AI as it stands up domestic BESS manufacturing in Georgia (2 GWh initial capacity, targeting 8 GWh). She brings 20-plus years of energy-transition and manufacturing finance experience to the residential-to-utility/C&I expansion.
Steve Bond named Executive Vice President and President at NeoVolta Power LLC (from Chief Financial Officer, NeoVolta Inc.)
In the same announcement that named Jing Nealis CFO, NeoVolta's outgoing finance chief Steve Bond shifted to EVP and President of operating subsidiary NeoVolta Power LLC, taking direct charge of the company's Georgia battery-manufacturing buildout — a CFO-to-operations move that freed the finance seat.
Ravi Abbineni joined as Chief Financial Officer at ION Storage Systems (from Senior Vice President and CFO, JM Family Enterprises)
Maryland-based solid-state battery developer ION Storage Systems hired a finance chief from large privately-held JM Family Enterprises, signaling a push toward commercial scale-up of its solid-state cell technology.
Robert Vinje joined as Chief Operating Officer at Nextpower (from Chief Operating Officer, SOLARCYCLE)
Nextpower (the solar-tracker maker that rebranded from Nextracker in Nov 2025) hired SOLARCYCLE COO Robert Vinje as its COO — a SunPower and Amazon energy-operations veteran. Comp: $475K base, 70% target bonus from FY27, $4M FY27 equity award, $250K sign-on cash.
Marco Miller named Chief Project Development Officer at Nextpower (from Chief Operating Officer, Nextpower)
Nextpower's incumbent COO Miller shifts into a newly created Chief Project Development Officer role concurrent with Robert Vinje's COO appointment — reflecting the company's post-rebrand push into integrated power technology and project services.
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