The Week in Deals
9 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Mar 18 | Project acquisition | Wind | Peak Clean Energy | ALLETE Clean Energy | 80 MW | MT | Announced | ALLETE Clean Energy acquired the South Peak wind project in Judith Basin County, Montana from developer Peak Clean Energy. | |
| Mar 18 | Utility PPA | Wind | ALLETE Clean Energy | NorthWestern Energy | 80 MW | MT | Announced | Energy from the 80 MW South Peak wind site is delivered to NorthWestern Energy customers under a 15-year power sale agreement. | |
| Mar 15 | Power Purchase & Offtake | Wind | Enel Green Power | Adobe/Facebook (Meta) | 320 MW | NE | Operating | Historical 2017-2022 corporate PPA — backfilled via press archive scrape May 2026. | |
| Mar 15 | Virtual PPA | Solar | SunEnergy1 | Fifth Third Bank | 99 MW | NC | Announced | Fifth Third Bank's virtual PPA enabled SunEnergy1 to finance and construct the Aulander Holloman solar facility in Hertford County, North Carolina. | |
| Mar 14 | Construction and tax equity financing | Wind | Pattern Energy | — | 79.7 MW | MT | Closed | Pattern Energy Group 2 LP completed a construction financing, letter of credit facility and term tax equity financing commitment for the approximately 79.75 MW Stillwater Wind project in Montana. | |
| Mar 14 | Utility PPA | Wind | Pattern Energy | NorthWestern Energy | 79.7 MW | MT | Closed | NorthWestern Energy purchases the output of the 79.75 MW Stillwater Wind facility under a 25-year power purchase agreement. | |
| Mar 13 | Portfolio acquisition | Solar | Recurrent Energy | Korea Electric Power Corporation | 100 MW | CA | Closed | Recurrent Energy completed the sale of a 235-MWac California solar portfolio, including the Astoria project, to Korea Electric Power Corporation and the Corporate Partnership Fund. | |
| Mar 13 | Portfolio acquisition | Solar | Recurrent Energy | Korea Electric Power Corporation | 75 MW | CA | Closed | Recurrent Energy completed the sale of a 235 MWac California solar portfolio to KEPCO that included the Astoria 2 project. | |
| Mar 13 | Portfolio acquisition | Solar | Recurrent Energy | Korea Electric Power Corporation | 60 MW | CA | Closed | Recurrent Energy completed the sale of a 235 MWac California solar portfolio, explicitly including the 60 MWac Barren Ridge project, to KEPCO and the Corporate Partnership Fund. |
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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