The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Feb 20 | Corporate VPPA | Solar+BESS | Enel North America | Polaris | 22 MW | TX | Closed | Polaris Inc. (NYSE:PII) off-road powersports OEM. 22 MW slice = ~40% of US electrical use. Announcement timed with project COD (Feb 2024). PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: 2023-2024-longtail). |
Change of Control
6 movesPaul Mathews named Executive Vice President, Chief Operating Officer at Sunnova Energy (from EVP, Service and Supply Chain, Sunnova Energy)
Promoted from supply-chain head to COO. Would be elevated to permanent CEO in March 2025 after founder Berger's ouster, three months before Sunnova's Chapter 11.
Mingda Zhao joined as Partner, M&A (Energy) at Skadden, Arps, Slate, Meagher & Flom (from Partner, White & Case)
Zhao and partner Emery Choi moved from White & Case to Skadden Houston as Big Law repositioned for the energy M&A cycle. Zhao led Calpine's $16.4B sale to Constellation.
Emery Choi joined as Partner, M&A (Energy) at Skadden, Arps, Slate, Meagher & Flom (from Partner, White & Case)
Joined Skadden Houston with partner Mingda Zhao from White & Case in coordinated energy M&A bench-building hire.
Tom Werner appointed Executive Chairman of the Board at SunPower
Former 18-year SunPower CEO returned as Executive Chair days after recapitalization. Named Principal Executive Officer when CEO Faricy departed a week later — emergency-management overlay six months before SunPower's August Chapter 11.
Megan Byrn named Vice President of Business Development at Standard Solar (from Director of Development Operations, Standard Solar)
Promoted at Standard Solar (Brookfield Renewable–owned C&I/community-solar developer) as the firm scaled its development pipeline.
Alex Couture joined as Senior Vice President of North American Development at Innergex Renewable Energy
Took the senior development leadership role for North America at Canadian IPP Innergex (operates wind, solar, hydro across US/Canada).
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