The Week in Deals
11 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Dec 22 | Tax Equity & Tax Credits | Solar | First Solar | Fiserv, Inc. | $700M | AL, LA, OH | Closed | First significant Section 45X Advanced Manufacturing Production Tax Credit transfer in solar manufacturing. First Solar sold up to $700M in 2023 AMPCs to Fiserv ($500M + up to $200M optional) at $0.96/$1. Citigroup Global Markets as placement agent. Validated 45X transfer market for IRA-incentivized US solar manufacturing. | |
| Dec 22 | Project acquisition | BESS | Clean Capital Partners | Tokyo Gas America | $216M | TX | Closed | Tokyo Gas America agreed to buy a 100% stake in the Longbow BESS project from developer Clean Capital Partners. | |
| Dec 22 | Tax equity | Wind | Northland Power | J.P. Morgan | 107.5 MW | NY | Closed | Northland Power secured final tax equity funding from J.P. Morgan for the Ball Hill wind farm in Chautauqua County, New York. | |
| Dec 22 | REC contract | Wind | Northland Power | NYSERDA | 107.5 MW | NY | Closed | Ball Hill wind farm operates under a 20-year indexed renewable energy certificate contract with the New York State Energy Research and Development Authority. | |
| Dec 19 | Construction-to-term loan | Solar+BESS | Copia Power | Credit Agricole CIB, BNP Paribas, Natixis CIB, SMBC | $1.20B | AZ | Closed | Copia Power closed a $1.2 billion construction-to-term loan to fund the Harquahala Sun 1 and Harquahala Sun 2 solar-plus-storage projects in Maricopa County, Arizona. | |
| Dec 19 | Utility PPA | Solar+BESS | Copia Power | Arizona Public Service | 600 MW | AZ | Closed | Harquahala Sun 2 is contracted under a 20-year power purchase agreement with Arizona Public Service. | |
| Dec 19 | Corporate power purchase agreement | Solar | TotalEnergies | LyondellBasell | 125 MW | TX | Announced | LyondellBasell agreed to offtake 125 MWac from TotalEnergies' Brazoria Solar farm in Texas under a 15-year corporate power purchase agreement. | |
| Dec 19 | Corporate PPA | Solar | Industrial Sun | LyondellBasell | 51.4 MW | TX | Announced | Industrial Sun signed a long-term net-metered industrial solar PPA with LyondellBasell to supply renewable electricity from the Isaac/Industrial Bravo project to the LyondellBasell Matagorda Complex. | |
| Dec 18 | Tax equity | Solar | Sabanci Renewables | Advantage Capital | $185M | TX | Closed | Sabanci Renewables closed a $185 million tax equity financing with Advantage Capital to complete construction of the Cutlass Solar II project. | |
| Dec 18 | Environmental attributes purchase agreement | Solar | Adapture Renewables | Meta | 330 MW | IL | Announced | Adapture Renewables signed environmental attributes purchase agreements with Meta covering 330 MW of solar across three Titanium portfolio projects in Illinois and Arkansas, including Cooks Mill. | |
| Dec 18 | Environmental attributes purchase agreement | Solar | Adapture Renewables | Meta | 330 MW | IL | Announced | Adapture Renewables signed environmental attributes purchase agreements with Meta covering 330 MW of solar across three Titanium portfolio projects in Illinois and Arkansas, including Crooked Creek. |
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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