The Week in Deals
7 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Feb 15 | Power Purchase & Offtake | Solar | Lightsource bp | Penn State | 70 MW | PA | Operating | Lightsource bp-developed; Penn State 25-year PPA. [Fact-check 2026-05-08: PROJECT NAME — actual project is "Nittany 1/2/3" (3 farms in Franklin County PA), not "Penn State Solar". 70 MW/PA/PJM/early 2019 confirmed; project name kept as filed but corrected name noted here.] [FERC Form 1 Sch 326 2020: seller="franklin solar 2 llc", implied $82.39/MWh = total_settlement / purchased_mwh (0.00 TWh annual purchased).] | |
| Feb 15 | Power Purchase & Offtake | Wind | DTE Energy | General Motors | 168 MW | MI | Operating | Historical 2017-2022 corporate PPA — backfilled via press archive scrape May 2026. [Fact-check 2026-05-08: STRUCTURAL — DTE MIGreenPower is a utility green tariff (300,000 MWh/yr enrollment), not a discrete 168 MW project-specific PPA. The 168 MW figure represents the implied wind+solar mix supporting GM's enrollment; not a single PPA. Reclassified as Utility Green Tariff. Reviewed by fact-check agent.] [Flag #1 fix 2026-05-08: STRUCTURAL — DTE MIGreenPower is a utility green tariff (customers enroll in incremental wind+solar capacity), NOT a discrete project PPA. GM's 300,000 MWh/yr enrollment translates to ~168 MW equivalent. Asset name corrected to reflect green-tariff structure; tags updated to flag reclassification. Original PPA-style framing was incorrect — utility green tariff is more accurate.] [FERC Form 1 Sch 326 2020: seller="michigan wind 1, llc", implied $28.18/MWh = total_settlement / purchased_mwh (0.17 TWh annual purchased).] | |
| Feb 15 | Corporate PPA | Solar | Origis Energy USA | Disney (Reedy Creek Improvement District) | 50 MW | FL | Closed | 50 MW solar facility on 270 acres (518,000 panels) collaborating Reedy Creek Improvement District + Origis Energy. Came online Feb 2019; powers two Disney theme parks. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: 2019-backfill). | |
| Feb 15 | Retail PPA | Solar | Sunpin Solar | Direct Energy Business | 74.8 MW | CA | Announced | Sunpin Solar signed a power purchase agreement with Direct Energy Business for the full output of the 74.8 MWac ColGreen North Shore solar plant in Mecca, Riverside County, California. | |
| Feb 13 | Utility PPA | Solar | Ranger Power | Dairyland Power Cooperative | 149 MW | WI | Announced | Dairyland Power Cooperative signed a power purchase agreement with Badger State Solar to buy the project's output. | |
| Feb 12 | Utility PPA | Wind | EDP Renewables North America | Tri-State Generation and Transmission Association | 104 MW | CO | Announced | Tri-State Generation and Transmission Association and EDP Renewables announced a 104 MW 15-year power purchase agreement for the Crossing Trails Wind Farm in Colorado. | |
| Feb 12 | Portfolio acquisition | Wind | NJR Clean Energy Ventures | Skyline Renewables | 50.7 MW | KS | Announced | Skyline Renewables acquired a 117 MW wind portfolio from NJR Clean Energy Ventures that included the Alexander Wind Farm, with Capital One as tax-equity partner. |
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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