The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Apr 22 | Power Purchase & Offtake | Solar | Silicon Ranch | Davidson College + 8-university higher-ed consortium | 150 MW | KY | Announced | 9-university higher-ed consortium PPA aggregating offtake; 100% offset of Davidson campus electricity. Phase II of Sebree (Phase I powers Nucor Steel). | |
| Apr 18 | Corporate VPPA | Wind | Scout Clean Energy (Brookfield) | Zoetis | 50 MW | TX | Closed | Zoetis (NYSE:ZTS) animal-health pharma; 50 MW = >27% of project, supports RE100 commitment and 2030 carbon neutrality goal. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: 2023-2024-longtail). | |
| Apr 16 | Construction-to-term loan | Solar | Origis Energy | MUFG | $136M | FL | Closed | Origis Energy and MUFG closed a $136 million construction financing facility with conversion to a term loan for the Rice Creek Solar project in Putnam County, Florida. | |
| Apr 15 | Development portfolio acquisition | Wind | Liberty Renewables | Copenhagen Infrastructure Partners | 103.5 MW | NY | Closed | Copenhagen Infrastructure Partners completed the acquisition of Liberty Renewables and its approximately 1.3 GW New York onshore wind development portfolio, of which Hoffman Falls Wind is the inaugural project. |
Change of Control
6 movesChris Hayes named President and Chief Executive Officer at Spruce Power (from Chairman of the Board, Spruce Power)
Spruce Power's Chairman Hayes succeeded Christian Fong as CEO at the residential solar fleet operator (NYSE:SPRU). Co-founded Altenex (acquired by Edison Intl) and Alturus.
Daniel Berenbaum joined as Chief Financial Officer at Bloom Energy (from Executive Vice President and Chief Financial Officer, National Instruments)
Succeeded Greg Cameron as Bloom Energy CFO. Brings semiconductor-industry CFO background (Micron, GlobalFoundries) to the SOFC fuel-cell company as it pivots toward AI/data-center power.
Michael Gray joined as Managing Director of Project Finance at Spearmint Energy (from Barclays)
Joined merchant-storage developer Spearmint Energy as MD of Project Finance. Part of coordinated April 2024 hiring round at the standalone-BESS developer.
Audrey Lee appointed Director at Spruce Power (from Senior Director of Datacenter Energy Strategy, Microsoft)
Clean energy executive joined Spruce Power's board concurrent with Hayes's CEO appointment. Brings 20 years of utility, regulatory and tech experience.
Robert Dewchter joined as Senior Vice President of Asset Management at PivotGen (from Regional Vice President, Cogentrix Energy)
Moved from Carlyle's gas-fired Cogentrix platform to PivotGen, a wind-repowering specialist — emblematic of asset-management talent flows from conventional to clean-energy operators.
Christopher Matthews joined as Vice President of Development at Arevon Energy
Hired as VP of Development at Arevon (CPPIB/APG-backed solar+storage IPP) under then-CEO Kevin Smith.
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