The Week in Deals
6 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Nov 18 | Portfolio project financing | Solar+BESS | Intersect Power | HPS Investment Partners, Morgan Stanley Renewables, US Bancorp Impact Finance, MUFG, Santander | $2.60B | CA | Closed | Oberon I solar-plus-storage was funded as part of Intersect Power's $2.6 billion close of eight transactions for a six-project portfolio, covering construction debt, tax equity, land financing and portfolio term debt. | |
| Nov 18 | Portfolio project financing | Solar+BESS | Intersect Power | HPS Investment Partners, Morgan Stanley Renewables, US Bancorp Impact Finance, MUFG, Santander | $2.60B | CA | Closed | Oberon II solar-plus-storage was funded as part of Intersect Power's $2.6 billion close of eight transactions for a six-project portfolio, covering construction debt, tax equity, land financing and portfolio term debt. | |
| Nov 18 | Portfolio project financing | Solar+BESS | Intersect Power | HPS Investment Partners, Morgan Stanley Renewables, MUFG, Santander | $2.60B | CA | Closed | Athos III (Blythe Mesa Solar II) was funded as part of Intersect Power's $2.6 billion close of eight transactions for a six-project portfolio, with Morgan Stanley Renewables providing tax equity and MUFG and Santander as coordinating lead arrangers on construction debt. | |
| Nov 18 | Utility offtake agreement | Solar | D.E. Shaw Renewable Investments | Entergy Louisiana | 150 MW | LA | Announced | The 150 MWac Vacherie Solar Energy Center is one of three D.E. Shaw Renewable Investments projects under a 350 MWac clean-power offtake agreement with Entergy Louisiana. | |
| Nov 15 | Construction financing | Solar | D.E. Shaw Renewable Investments | Fifth Third Bank | 75 MW | CO | Closed | DESRI and Torch Clean Energy reached financial notice to proceed for the 75 MW Hunter Solar project, with Fifth Third Bank and National Cooperative Services Corporation as lead arrangers. | |
| Nov 15 | Utility PPA | Solar | D.E. Shaw Renewable Investments | CORE Electric Cooperative | 75 MW | CO | Announced | The Hunter Solar project's full capacity is contracted under two power purchase agreements, with CORE Electric Cooperative and Holy Cross 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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