The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Dec 27 | Project Finance | Wind | Pattern Energy Group | Multiple (consortium) | $11.00B | NM | Closed | Non-recourse project financing for the largest wind project in the Western Hemisphere (3,515 MW) paired with a 550-mile ±525 kV HVDC transmission line from central New Mexico to south-central Arizona. Over 17 years in development. Full construction commenced upon financial close. |
Change of Control
13 movesSteven D. Ridge promoted to Executive Vice President and Chief Financial Officer at Dominion Energy
New CFO at one of the largest US utilities, overseeing financing for Dominion's 20 GW clean power expansion plan including the Coastal Virginia Offshore Wind project.
Narsimha Misra joined as CEO, Energy and Energy Management North America at ENGIE North America (from Broad Reach Power)
Misra joined ENGIE through the Broad Reach Power acquisition and assumed the CEO role for the energy management business unit in North America.
Kristina Lund joined as President at Pattern Energy (from President and CEO, AES Indiana and AES Ohio, AES Corporation)
Lund joined Pattern Energy as President in late 2023, bringing 17 years of AES experience including running two state utility subsidiaries. She reports to CEO Hunter Armistead at one of the largest US wind and solar developers.
Declan Flanagan departed Ørsted as EVP and CEO, Onshore
Flanagan, who founded Lincoln Clean Energy (acquired by Orsted for $580M in 2018), launched a new renewable energy development company. He is a serial clean energy entrepreneur who started in the industry 25 years ago with Airtricity.
Alicia Barton joined as Chief Executive Officer at Vineyard Offshore (from Chief Executive Officer, FirstLight Power)
Barton succeeded Lars Pedersen at the 6+ GW offshore wind developer (Avangrid/CIP JV). She previously led Massachusetts Clean Energy Center and NYSERDA, making her instrumental in the policy foundations for US offshore wind.
Tyler Reeder named President and Managing Partner at Energy Capital Partners (from Partner, Energy Capital Partners)
Elevated to President & Managing Partner as Doug Kimmelman transitioned to Senior Partner. ECP manages $50B+ and orchestrated $26.6B Calpine/Constellation deal and merged with Bridgepoint ($1.05B) in 2024.
Joshua Dale joined as Managing Director, Head of Energy Transition Coverage, North America at Rabobank
Key hire as Rabobank built out its North American energy transition team. Dale brings 20 years of financial services experience with 14 years in project finance.
Jon Castaldo joined as Managing Director, Energy Transition Coverage, North America at Rabobank
Hired alongside Joshua Dale as Rabobank scaled its energy transition coverage to 30 professionals. Castaldo brings 20+ years across corporate finance, structured credit, project finance, and tax equity.
Rubiao Song promoted to Head of Energy Investments at J.P. Morgan
Song leads JPMorgan's energy investment team, which deploys $5-6B annually in tax equity for utility-scale wind, solar, and geothermal projects. JPMorgan has invested $40B+ in renewable tax equity since 2003.
Joel Spenadel promoted to Managing Director, Renewable Energy Tax Equity at J.P. Morgan
Promoted to Managing Director in JPMorgan's renewable energy tax equity group, which has raised $40B+ for US renewable projects since 2003.
Sandhya Ganapathy appointed Board of Directors Member at ACORE
EDPR NA CEO Ganapathy joined the ACORE board, reflecting the growing influence of EDP Renewables in US clean energy policy advocacy.
Jim Murphy appointed Chair of the Board at ACP Clean Power Institute
Invenergy co-founder and President Murphy was named Chair of ACP's Clean Power Institute, the workforce development arm of the clean energy trade association.
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