The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Feb 8 | Project Finance | BESS | Strata Clean Energy (Blackstone portfolio company) | J.P. Morgan, Nomura (CLAs); U.S. Bancorp Impact Finance, CoBank | $559M | AZ | Closed | $559M total: J.P. Morgan and Nomura as CLAs on debt; U.S. Bancorp Impact Finance and CoBank participating. 20-year tolling agreement with Arizona Public Service. Among largest standalone BESS financings of 2024. | |
| Feb 2 | Corporate M&A | Solar+BESS | Recurrent Energy | BlackRock | $500M | Multi-state | Closed | BlackRock Climate Infrastructure acquires 20% of Recurrent Energy on fully-diluted basis. 25 GWp solar + 75 GWh storage development pipeline globally. Strengthens Recurrent Energy's capital base for IPP growth. |
Change of Control
1 moveKevin 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.
Feb 5
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