The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Oct 21 | Project & Portfolio M&A | Solar+BESS | Ørsted | Energy Capital Partners (ECP) / TIAA Renewable Power Fund Plus | $410M | IL, NE, SD, AL | Announced | Energy Capital Partners (ECP) + TIAA Renewable Power Fund Plus acquire 50% of Ørsted's 862 MW US onshore portfolio — ~$410M. Ørsted's first onshore farm-down. MUFG-led debt syndicate. Ørsted retains asset management. | |
| Oct 20 | Project Finance | Solar | GoodLeap | ABS investors | $271M | Multi-state | Closed | GoodLeap 2022-4 ABS — $271.3M residential solar + home efficiency loan securitization. Backed by mostly prime credit quality homeowners. | |
| Oct 19 | Manufacturing Investment | BESS | BMW Manufacturing | BMW Manufacturing | $1.70B | SC | Announced | $1B Spartanburg EV prep + $700M Woodruff battery assembly. 6 fully-electric X-models by 2030; 300 jobs at Woodruff battery plant; 1M+ sq ft. Paired with AESC SC cell supply. $65M state Closing Fund grant. | |
| Oct 18 | Power Purchase Agreement | Wind | Ørsted | Amy's Kitchen + Great Lakes Cheese + Levi Strauss + J.M. Smucker + Valvoline (5 Walmart suppliers) | — | KS | Announced | Walmart Gigaton initiative cohort 1: Amy's Kitchen, Great Lakes Cheese, Levi Strauss, J.M. Smucker, Valvoline aggregate 12-year PPA with Ørsted Sunflower Wind (Marion County KS). Schneider Electric facilitated. |
Change of Control
1 moveMolly Morris named President, Equinor Wind US at Equinor Wind US (from Special Advisor, Equinor)
Morris took over as President of Equinor Wind US Jan 1, 2023, succeeding Siri Espedal Kindem. Joined Equinor in 2008. Oversees Empire Wind and Beacon Wind during turbulent year for offshore wind.
Oct 17
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