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Dealflow: May 18 - 24

8 deals tracked·1,193 MW total capacity·8 executive moves

Published Monday, May 18, 2015

The Week in Deals

8 deals
DateDeal TypeTechSeller / SponsorBuyer / FinancierSizeLocationStatusNotes
May 22Portfolio acquisitionWindGeronimo EnergyBHE Renewables212 MWILClosedBHE Renewables acquired the Walnut Ridge Wind Farm as part of a wind and solar portfolio purchased from Geronimo Energy.
May 22Project acquisitionSolarCommunity EnergySouthern Power104 MWGAAnnouncedSouthern Power acquired the 103 MW Butler Solar facility in Taylor County, Georgia from Community Energy Inc.
May 22Utility PPASolarSouthern PowerGeorgia Power104 MWGAAnnouncedAll power and renewable energy credits from the Butler solar farm are sold under a 30-year PPA to Georgia Power, selected through the Georgia Power Advanced Solar Initiative.
May 21Project acquisitionSolarCommunity EnergySouthern Power148 MWGAAnnouncedSouthern Power acquired the 103-MW Butler (Taylor County) solar facility in Taylor County, Georgia from Community Energy.
May 21Utility PPASolarSouthern PowerGeorgia Power148 MWGAAnnouncedElectricity and RECs from the Taylor County solar facility are sold under a 30-year power purchase agreement with Georgia Power.
May 19Utility PPAWindEnel Green PowerArkansas Electric Cooperative Corporation108 MWOKAnnouncedArkansas Electric Cooperative Corporation signed a long-term power purchase agreement for 108 MW of wind energy from the Drift Sand Wind Farm in Grady County, Oklahoma.
May 18Portfolio acquisitionWindWind Capital GroupPattern Energy$344MKSClosedPattern Energy completed the acquisition of two operational wind facilities totaling 351 MW from Wind Capital Group, including the 201 MW Post Rock Wind facility in Kansas, for $242 million plus assumed net debt of $102 million.
May 18Portfolio acquisitionWindWind Capital GroupPattern Energy$242MMOClosedPattern Energy completed the acquisition of two wind facilities from Wind Capital Group for $242M plus assumed net debt, a portfolio that includes the Lost Creek Wind facility in Missouri.

Change of Control

8 moves

Michael 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.

SEC filing

May 15

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.

SEC filing

May 15

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.

SEC filing

May 12

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.

SEC filing

May 14

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.

SEC filing

May 14

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.

Press release

May 14

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.

SEC filing

May 12

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.

SEC filing

May 12

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