The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Apr 29 | Project Finance | Solar+BESS | energyRe | Multiple debt + tax equity | $240M | TX | Closed | $155M project finance + $85M tax equity commitment. energyRe's first major Texas project to reach financial close. | |
| Apr 24 | Project Finance | Wind | Greenbacker Renewable Energy Company | BayernLB, Huntington National Bank | $437M | IA, MN | Closed | First wind repowers to leverage IRA domestic content bonus (additional 10% ITC). BayernLB: $81.5M construction bridge loans. Huntington: $355.7M long-term debt + tax equity via sale-leasebacks — Greenbacker's first sale-leasebacks. US-made turbine blades, hubs, nacelles. Bedrock Renewables led development. |
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.
Prefer the email view? Open the original email →
Get the next issue in your inbox
Free, every Monday. Unsubscribe anytime.