The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jun 1 | Power Purchase & Offtake | Solar+BESS | Invenergy | Meta | 791 MW | AR, OH, TX | Announced | Two solar projects in Ohio, one in Arkansas (COD 2027), one Texas wind project (COD 2028). Expands Meta/Invenergy total to ~1.8 GW. | |
| Jun 1 | Project Finance | Solar | Doral Renewables | — | $1.50B | IN | Closed | Doral Renewables secured $1.5B financing for Mammoth Solar, one of the largest solar projects in the US at 1,300 MW. Located in northern Indiana. Features agrivoltaics design. | |
| Jun 1 | Corporate Debt & Capital Markets | Solar+BESS | Longroad Energy | Apterra Infrastructure Capital | $600M | Multi-state | Closed | Apterra as Sole Bookrunner, Coordinating Lead Arranger, Admin Agent for Longroad $600M portfolio facility. | |
| Jun 1 | Project Finance | Solar+BESS | rPlus Energies | CACIB and others | $1.10B | UT | Closed | NRF as developer counsel, Winston & Strawn as lender counsel. PFI Americas Renewables Deal of the Year 2024. |
Change of Control
5 movesStephen Gallagher promoted to Chief Executive Officer at Brookfield Renewable U.S.
Gallagher was promoted to lead Brookfield Renewable's US operations (60,000+ MW pipeline) after serving as Chief Commercial Officer. He has been with Brookfield Renewable since 2017.
Neil Manning promoted to President and Chief Operating Officer at Array Technologies
Manning elevated to President & COO at the leading solar tracker manufacturer, consolidating operational leadership under CEO Kevin Hostetler.
Hans Martin Smith departed Vestas Wind Systems as Chief Financial Officer
Smith departed after 20+ years at Vestas, having served as CFO since March 2022. His departure added to an unusual period of board and executive turnover at the world's largest wind turbine manufacturer.
Robert Keepers joined as Head of Climate Tech at J.P. Morgan
Named Head of Climate Tech at JPMorgan, bringing two decades of finance and banking experience along with deep energy industry expertise. Reflects JPMorgan's growing commitment to climate-related investing.
Daniel Katz promoted to Head of Portfolio Management, Infrastructure Debt at Ares Management
Internal promotion to head portfolio management for Ares' $11B infrastructure debt platform. Ares has been one of the most active infrastructure investors in US clean energy, including a 2.7 GW ENGIE portfolio deal.
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