The Week in Deals
7 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Feb 15 | Power Purchase & Offtake | Wind | Invenergy | Saint-Gobain | 120 MW | IL | Operating | Historical 2017-2022 corporate PPA — backfilled via press archive scrape May 2026. [EIA-923 Sch 7 2024: plant "Blooming Grove Wind Energy Center" (EIA ID 63988), implied $31.05/MWh from revenue/MWh per 2024 EIA filing.] | |
| Feb 12 | Tax equity | Wind | Clearway Energy | BHE | 161 MW | TX | Closed | Berkshire subsidiary MidAmerican Wind Tax Equity Holdings acquired 100% of the Class A tax equity interest in the entity owning the repowered Wildorado wind farm in Oldham County, Texas. | |
| Feb 11 | Utility PPA | Solar | Avangrid | Portland General Electric | 162 MW | OR | Announced | Portland General Electric agreed to purchase power and renewable energy credits from Avangrid Renewables' 162 MWac Montague Solar facility in Gilliam County, Oregon to supply its Green Future Impact customers. | |
| Feb 11 | Debt financing | Wind | Clearway Energy Group | KeyBanc Capital Markets | 144 MW | WA | Closed | Clearway closed debt financing for the Rattlesnake Flat wind project with KeyBanc, SMBC and Mizuho as mandated lead arrangers. | |
| Feb 11 | Project acquisition | Solar | Southern Current | Cubico Sustainable Investments | 72.1 MW | SC | Closed | Cubico Sustainable Investments acquired the Midlands solar project in Calhoun County, South Carolina, originally developed by Southern Current. | |
| Feb 11 | Construction loan and back leverage | Solar | Cubico Sustainable Investments | KeyBank | 72.1 MW | SC | Closed | KeyBank provided construction financing and back leverage for the Midlands solar project in Calhoun County, South Carolina. | |
| Feb 11 | Utility offtake agreement | Solar | Cubico Sustainable Investments | Dominion Energy | 72.1 MW | SC | Closed | The Midlands solar project carries a 20-year power purchase agreement with Dominion Energy. |
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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