The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Aug 9 | Project Finance | Wind | Ørsted | Multiple lenders + tax equity (~$700M tax equity raised across portfolio) | 367 MW | TX | Closed | Ørsted completed Western Trail Wind (367 MW) — largest US onshore wind project at the time. Located in Knox County, TX (ERCOT). Component of broader 957 MW Ørsted onshore portfolio (Western Trail TX, Helena TX, Sunflower KS, Ford Ridge IL) for which Ørsted raised ~$700M tax equity in 2023. Stake later sold to Stonepeak in March 2024 for $300M. |
Change of Control
1 moveKevin Smith joined as Chief Executive Officer at Arevon Energy (from CEO Americas, Lightsource bp)
Smith joined Arevon as CEO from Lightsource bp Americas, succeeding founder John Breckenridge. He later departed in Feb 2026 and was succeeded by Justin Johnson as interim CEO. Note: Aug 2023 appointment, slightly before scope but important for continuity.
Aug 11
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