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Dealflow: February 1 - 7

1 deal tracked·100 MW total capacity·8 executive moves

Published Thursday, February 1, 2024

The Week in Deals

1 deal
DateDeal TypeTechSeller / SponsorBuyer / FinancierSizeLocationStatusNotes
Feb 1Utility PPASolarStrata Clean EnergyDuke Energy Carolinas, LLC100 MWNCClosedStrata is a top-3 NC developer. 2024 vintage pricing estimated against 2023 Partin Solar ($37.48) and CPRE cycle norms. Sub-region: Duke (NC/SC).

Change of Control

8 moves

Jesse Campbell joined as Chief Financial Officer at Jupiter Power (from Executive Vice President and Corporate Controller, Invenergy)

New CFO at the EnCap-backed battery storage developer, which is developing 12,000+ MW of energy storage projects nationwide.

Press release

Feb 1

Joaquin Oliveira joined as Group Chief Executive Officer at Lightsource bp (from SVP, Finance for Gas & Low Carbon Energy, bp)

Oliveira was seconded from bp to lead Lightsource bp as Group CEO following bp's agreement to take full ownership of the 62 GW solar developer. The appointment came as part of the corporate restructuring around bp's full acquisition.

Press release

Feb 1

Christopher Smith named Chief Financial Officer at Greenbacker Capital (from Senior Finance Executive, Greenbacker Capital)

Smith named CFO succeeding co-founder Spencer Mash. Part of broader Greenbacker leadership build-out (also added Head of Infrastructure and Head of Capital Markets).

Press release

Feb 1

Spencer Mash departed Greenbacker Capital as Co-Founder and Chief Financial Officer

Co-founder Mash departed CFO role after 13-year tenure building Greenbacker. Christopher Smith succeeded him.

Press release

Feb 1

Angie Daoud joined as Chief Operating Officer at Onyx Renewable Partners

Joined Blackstone-backed C&I/utility-scale solar developer as COO, taking responsibility for development, construction and operations execution.

Press release

Feb 7

Gary Rahl joined as Managing Director, Energy Practice at Alvarez & Marsal

Joined Alvarez & Marsal's energy practice as part of build-out of clean energy advisory bench amid IRA-driven deal cycle.

Press release

Feb 7

Kevin Hostetler appointed Board of Directors Member at American Clean Power Association

Array Technologies CEO Hostetler joined ACP's 2024 board, representing the solar tracker manufacturing segment of the clean energy industry.

Trade assoc.

Feb 5

Tasha McCarter named Vice President, Cleantech Strategic Growth at RWE Clean Energy (from VP, Solar Engineering, RWE Clean Energy)

Elevated into newly created Cleantech Strategic Growth role at RWE Clean Energy, the US arm of Germany's RWE AG and one of top-five US renewable IPPs.

Press release

Feb 7

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