The Week in Deals
5 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| May 1 | Corporate VPPA | Solar | Southern Power (Southern Company) | Juniper Networks | 40 MW | TX | Closed | Juniper Networks (NYSE:JNPR) network equipment; 40 MW slice ≈70% of NA electricity demand. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: 2023-2024-longtail). | |
| May 1 | Corporate VPPA | Solar | Southern Power (Southern Company) | Bio-Rad Laboratories | 20 MW | TX | Closed | Bio-Rad Laboratories (NYSE:BIO) life-sciences instruments; 20 MW slice covers US+Canada facility equivalent. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: 2023-2024-longtail). | |
| May 1 | Corporate VPPA | Solar | Southern Power (Southern Company) | Cadence Design Systems | 20 MW | TX | Closed | Cadence Design Systems (NASDAQ:CDNS) EDA software; 20 MW slice covers entire US electric load and supports Net Zero by 2040. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: 2023-2024-longtail). | |
| May 1 | Corporate VPPA | Solar | Southern Power (Southern Company) | IDEXX Laboratories | 20 MW | TX | Closed | IDEXX Laboratories (NASDAQ:IDXX) veterinary diagnostics; 20 MW slice supports 100% renewable electricity by 2030. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: 2023-2024-longtail). | |
| May 1 | Corporate VPPA | Solar | Southern Power (Southern Company) | PTC | 10 MW | TX | Closed | PTC (NASDAQ:PTC) industrial software; 10 MW slice aligned to long-term net zero goals. PPA price not disclosed publicly; will be imputed from regional comparables. Discovered via DealFlow research sweep (agent: 2023-2024-longtail). |
Change of Control
6 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 named Senior Vice President and Chief Strategy Officer at Canadian Solar (from Senior Vice President and Chief Financial Officer, 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.
Kirk Crews promoted to Executive Vice President and Chief Risk Officer at NextEra Energy
Part of NextEra Energy's May 2024 organizational changes under CEO John Ketchum, positioning the leadership team for the next phase of the company's clean energy build-out.
Brian Bolster joined as Executive Vice President, Finance and Chief Financial Officer at NextEra Energy (from Managing Director, Head of Natural Resources Americas, Goldman Sachs)
Bolster joined NextEra from Goldman Sachs where he spent nearly 25 years. One of the most significant banker-to-operator moves in the clean energy sector. He would later be promoted to President and CEO of NextEra Energy Resources in May 2025.
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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