The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Sep 20 | Corporate PPA | Solar | Recurrent Energy (Canadian Solar) | Austin Energy | 144 MW | TX | Closed | Austin Energy signed 15-yr PPA in 2018 with Recurrent Energy; project broke ground Aug 2020, COD ~2021. Sold to Duke Energy Renewables (now Deriva Energy) at COD. PPA price withheld as 'low-cost solar'; Travis County tax revenue commitment ~$350M project-life. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: ercot-munis-coops). | |
| Sep 20 | Portfolio acquisition | Solar | Sempra Energy | Consolidated Edison | $1.54B | AZ | Announced | Sempra Energy agreed to sell its US non-utility solar portfolio, which included Mesquite Solar 2 and 3, to Consolidated Edison for $1.54 billion (closing near $1.6 billion). | |
| Sep 19 | Tax equity | Wind | EDP Renewables | — | $268M | NY | Announced | EDP Renewables secured $267.5 million of institutional equity financing in exchange for an interest in the 78 MW Arkwright and 199 MW Turtle Creek wind farms; Arkwright's portion totaled $74.2 million. | |
| Sep 18 | Portfolio acquisition | Wind | NextEra Energy Resources | NextEra Energy Partners | 208.3 MW | KS | Announced | NextEra Energy Partners agreed to acquire an approximately 1,388 MW portfolio of 11 wind and solar projects, including Ninnescah, with a $750M convertible equity portfolio financing. |
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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