The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| May 1 | Project & Portfolio M&A | Natural Gas | Talen Energy | CPS Energy (San Antonio municipal utility) | $785M | TX | Closed | CPS Energy acquires three natural gas plants from Talen Energy in coastal Texas (Corpus Christi area + Laredo). Approved as part of CPS's generation plan to support ERCOT reliability and growing service territory. CPS becomes one of the largest publicly owned utilities by capacity. |
Change of Control
4 movesXinbo Zhu promoted to Senior Vice President and Chief Financial Officer at Canadian Solar (from Chief Supply and Risk Officer, Recurrent Energy)
Zhu replaced Huifeng Chang, who moved to Chief Strategy Officer after serving as CFO since 2016. Part of broader leadership restructuring at Canadian Solar/Recurrent Energy.
Huifeng Chang joined as Senior Vice President and Chief Strategy Officer at Canadian Solar
Chang transitioned from CFO (held since 2016) to CSO as part of Canadian Solar's executive restructuring. He continues as a board director.
Mark Rostafin named Co-Chief Executive Officer at Vesper Energy
Co-founder promoted to Co-CEO alongside Juan Suarez. Former CEO Craig Carson transitioned to Chairman. 17 GW pipeline, 55+ projects. Irving, TX HQ.
Juan Suarez named Co-Chief Executive Officer at Vesper Energy
Co-founder promoted to Co-CEO. 25+ years in development, engineering, procurement, and construction.
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