The Week in Deals
3 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Sep 18 | Portfolio drop-down | Wind | NRG Energy | NRG Yield | $210M | TX | Closed | NRG transferred a 75% equity interest in a roughly 814 MW wind portfolio that explicitly included the 122 MW Elbow Creek wind farm to its yieldco NRG Yield for $210 million cash plus assumed project debt and tax equity. | |
| Sep 17 | Stake acquisition | Solar | RET Capital | ConEdison Development | 140 MW | CA | Announced | ConEdison Development acquired a 50% interest in the Panoche Valley Solar Farm from Renewable Energy Trust Capital. | |
| Sep 15 | Power Purchase & Offtake | Wind | Lincoln Clean Energy (acquired by Ørsted Aug 2018) | Amazon | 253 MW | TX | Operating | Amazon's largest wind farm at the time. Lincoln Clean Energy (later acquired by Ørsted) developed. [Fact-check 2026-05-08: MAJOR — Developer at signing was Lincoln Clean Energy (Ørsted acquired LCE 2018, took over project mid-life). Project sub-name should be "Dermott Wind" (Wikipedia) not "Cottonwood/Scurry". Original PPA signing year ~2015 not 2017-08; 2017-08 reflects approximate operational date / christening Oct 19 2017. Flagged for re-dating; kept entry as-is pending source for original 2015 signing.] [Flag #2 fix 2026-05-08: Date corrected from 2017-08 (operational year) to 2015-09-15 (original PPA signing per AWS press release timeline). Developer corrected from "Ørsted" to "Lincoln Clean Energy" (Ørsted acquired LCE Aug 2018, well after PPA signing). Project sub-name corrected to "Dermott Wind" per EIA Form 860 / Wikipedia (was incorrectly "Cottonwood/Scurry").] |
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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