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Dealflow: July 10 - 16

5 deals tracked·790 MW total capacity·2 executive moves

Published Monday, July 10, 2023

The Week in Deals

5 deals
DateDeal TypeTechSeller / SponsorBuyer / FinancierSizeLocationStatusNotes
Jul 13Tax equity financingSolarHeelstone Renewable EnergyAdvantage Capital70 MWGAClosedAdvantage Capital acted as tax equity syndicator for four Heelstone utility-scale Georgia solar projects including Hobnail Solar, totaling approximately 320 MWdc.
Jul 13Utility offtake agreementSolarHeelstone Renewable EnergyGeorgia Power70 MWGAClosedAll power generated by the Hobnail Solar array in Burke County, Georgia is sold under contract with Georgia Power Company.
Jul 11Corporate PPASolarSilicon RanchAmazon50 MWKYAnnouncedThe 50 MWac Turkey Creek Solar Ranch in Garrard County, built and owned by Silicon Ranch, supports Amazon's net-zero carbon emissions goal.
Jul 10Construction loanSolar+BESSD. E. Shaw Renewable InvestmentsSociete Generale, Zions Capital Markets, Huntington National Bank, Commerzbank, SuMi Trust300 MWNMClosedD. E. Shaw Renewable Investments closed construction financing for the 200-MWac San Juan Solar and Storage project in San Juan County, New Mexico, with a consortium led by Societe Generale.
Jul 10Utility PPASolar+BESSD. E. Shaw Renewable InvestmentsPublic Service Company of New Mexico300 MWNMClosedThe San Juan Solar and Storage project has a 20-year power purchase agreement with the Public Service Company of New Mexico, replacing capacity from the retired San Juan Generating Station.

Change of Control

2 moves

Patrick Joggerst appointed Director at Plug Power (from Principal and Founder, J2 Consulting)

Joined Plug Power's board to help propel the company to its next phase of growth as a vertically integrated green hydrogen company.

Press release

Jul 10

Mark Bonney appointed Director at Plug Power (from President and Chief Executive Officer, On Board Advisors, LLC)

Joined Plug Power board alongside Patrick Joggerst as part of governance changes during pivotal hydrogen industry buildout year.

Press release

Jul 10

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