The Week in Deals
5 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Oct 1 | Corporate M&A | Solar | Consolidated Edison, Inc. (NYSE: ED) | RWE AG | $6.80B | Multi-state | Announced | RWE acquires Con Edison Clean Energy Businesses — $6.8B EV, largest 2022 US clean energy M&A. Closed March 2023. Combined RWE+CEB to ~7.2 GW US renewables (2nd largest US solar operator). Qatar Investment Authority took 9.1% of RWE via $2.43B convertible bond to fund deal. | |
| Sep 29 | Project & Portfolio M&A | Solar | Northern New England Energy Corporation | Brookfield Renewable / Brookfield Global Transition Fund | $540M | Multi-state | Closed | Brookfield Renewable's C&I-solar consolidation play via Brookfield Global Transition Fund. $540M consideration + up to $160M to support growth. Part of combined $1.5B Brookfield deal alongside Scout Clean Energy acquisition. Standard Solar pipeline: ~2,000 MW; 500 MW operating + under-construction. | |
| Sep 29 | Project & Portfolio M&A | Solar+BESS | Quinbrook Infrastructure Partners | Brookfield Renewable / Brookfield Global Transition Fund | $1.00B | Multi-state | Closed | Brookfield Renewable acquired Scout Clean Energy from Quinbrook Infrastructure Partners. Combined with Standard Solar acquisition: $1.5B total deal + up to $500M growth capital. Part of Brookfield Global Transition Fund deployment. Scout has 1.2 GW operating + 22.7 GW development pipeline. | |
| Sep 28 | Utility PPA | Wind | NextEra Energy Resources | Portland General Electric | 100 MW | OR | Closed | A subsidiary of NextEra Energy Resources owns part of the Wheatridge wind project and sells its output to Portland General Electric under 30- and 20-year power purchase agreements. | |
| Sep 26 | Project finance and tax equity | Solar+BESS | Terra-Gen | BNP Paribas | $959M | CA | Closed | Terra-Gen closed $959 million in senior secured credit facilities for the second phase of the Edwards Sanborn solar storage project in Kern County, California. |
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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