The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jan 25 | Corporate PPA | Wind | Apex Wind Energy Holdings / Atlantic Power (project SPV: Canadian Hills Wind, LLC) | SWEPCO | 201.25 MW | OK | Closed | FERC Form 1 FY2024 Schedule 326 row 6: 'Canadian Wind (3)' — Footnote (3)=Cogeneration tag (SWEPCO classifies as QF cogen). Reported 468,850 MWh purchased / $13,662,359 total settlement (energy charges only) → $29.14/MWh implied. SPV = Canadian Hills Wind, LLC. Original PPA executed Jan 25, 2012 (PRNewswire) as part of 3-contract bundle totaling 201.25 MW out of 300 MW project; 20-year base term; COD December 22, 2012. Other 100 MW went to Grand River Dam Authority + Oklahoma Municipal Power Authority. NOTE: existing deals.json entry ppa-2019-XXX (Maplewood Solar / Anheuser-Busch) was MISATTRIBUTED to 'canadian wind (3)' in the 2020 PUDL sweep — that fact-check should be revisited. Disclosed PPA strike price reported in primary source. Discovered via DealFlow research sweep (agent: ercot-ferc-form1). | |
| Jan 25 | Corporate PPA | Wind | BP Wind Energy / Sempra U.S. Gas & Power 50:50 JV (project SPV: Flat Ridge 2 Wind Energy LLC) | SWEPCO | 77.8 MW | KS | Closed | FERC Form 1 FY2024 Schedule 326 row 8: 'Flat Ridge Wind Farm (3)' — Footnote (3)=Cogeneration tag. Reported 349,833 MWh purchased / $10,933,523 total settlement → $31.25/MWh implied. SWEPCO took 77.8 MW share (per company-confirmed) of the larger 470 MW Flat Ridge 2 facility jointly developed by BP Wind Energy and Sempra US Gas & Power. Executed January 25, 2012 (PRNewswire) as part of 359 MW renewable settlement commitment, 20-year base term, COD late 2012. The 2024 Form 1 figure is FY2024 throughput (high capacity factor ~51% suggests 100% MWh of SWEPCO contracted slice was delivered). Disclosed PPA strike price reported in primary source. Discovered via DealFlow research sweep (agent: ercot-ferc-form1). | |
| Jan 25 | Corporate PPA | Wind | NextEra Energy Resources (project SPV: High Majestic Wind II) | SWEPCO | 79.6 MW | TX | Closed | FERC Form 1 FY2024 Schedule 326 row 9: 'Majestic Wind Farm (3)' — Footnote (3)=Cogeneration tag. Reported 674,808 MWh purchased / $29,774,802 total settlement → $44.12/MWh implied. Original SWEPCO PPA with Majestic Wind Power LLC (Babcock & Brown sub) for original Majestic Wind announced Jan 2009; in Jan 2012 SWEPCO contracted with NextEra for additional 79.6 MW build-out from High Majestic Wind II in Carson/Potter Counties TX Panhandle (SPP-Texas). 20-year base term, COD late 2012. Texas-panhandle wind technically located within ERCOT state geography but project interconnects to Southwest Power Pool. The higher implied rate vs. Canadian Hills/Flat Ridge 2 may reflect inclusion of REC value and capacity charges. Disclosed PPA strike price reported in primary source. Discovered via DealFlow research sweep (agent: ercot-ferc-form1). | |
| Jan 23 | Stake acquisition | Wind | Coram Energy Group | Brookfield Renewable | 102 MW | CA | Announced | Coram Energy Group sold its 50% interest in the in-construction 102 MW Tehachapi wind project to Brookfield Renewable, raising Brookfield's ownership to 100%. |
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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