The Week in Deals
3 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Aug 16 | Corporate Debt & Capital Markets | Solar+BESS | Clearway Energy Inc. | Multiple banks | $822M | Multi-state | Closed | $821.5M corporate sustainability-linked credit facilities: $300M revolver + $171.5M green term loan + $350M LC facility. Pricing tied to sustainability KPIs. | |
| Aug 16 | Portfolio acquisition | Wind | American Electric Power | Invenergy | $1.50B | TX | Closed | An Invenergy-led consortium with Blackstone Infrastructure and CDPQ completed the $1.5 billion purchase of AEP's unregulated renewables portfolio, which included the Trent Mesa wind farm in Texas. | |
| Aug 15 | Power Purchase & Offtake | Solar+BESS | Milagro Solar I, LLC | El Paso Electric Company, a Texas Corporation | 150 MW | TX | Operating | Utility-side renewable PPA discovered via FERC EQR (contract C200917382). Signed 2023-08-15. COD 2024-09-06. Term ends 2045-09-30. MW not disclosed in FERC contract data — research enrichment pending. BA: EPE. [Research 2026-05-11: MW recovered as 150 from EDF Renewables Press Release — Milagro Energy Center COD (Sep 2025). Milagro Solar I — 150 MW AC solar + 75 MW / 300 MWh BESS in Doña Ana County, NM (Santa Teresa) — physically in NM, sells to TX-based El Paso Electric. 20-yr PPA. Hybrid (solar + storage), not just solar.] |
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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