The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Aug 1 | Corporate M&A | Solar+BESS | Algonquin Power | LS Power | $2.50B | Multi-state | Closed | LS Power acquired Algonquin Power's renewable energy business (~3 GW operating + 8 GW pipeline) for ~$2.5B. Formed Clearlight Energy as the renewables platform under LS Power. | |
| Aug 1 | Project Finance | Solar+BESS | Clenera | Societe Generale | $2.29B | Multi-state | Closed | Societe Generale as key lender for Clenera solar+storage portfolio. |
Change of Control
4 movesKevin Kroll joined as Chief Operating Officer at RWE Clean Energy (from McKinsey & Company)
Joined RWE Clean Energy as COO from McKinsey. Building out operational leadership under new CEO Andrew Flanagan.
Rob Berntsen joined as EVP and Chief Legal and Compliance Officer at Xcel Energy
Brings two decades of energy sector legal experience to one of the largest clean energy utilities in the US.
Lynn Good departed Duke Energy as Chair, President and Chief Executive Officer
Good retired as Chair/CEO after a transformative 12-year tenure that included Vogtle 3 & 4 commissioning, the South Carolina IRP transition, and DENC's pivot toward 30+ GW of clean energy by 2035. Successor Sideris took over Apr 1, 2025.
Harry Sideris named President and Chief Executive Officer at Duke Energy (from Executive Vice President of Customer Experience, Solutions and Services, Duke Energy)
29-year Duke veteran Sideris assumed CEO role from Lynn Good. Inherits the most ambitious nuclear/data-center growth plan among major US utilities, including new SMR exploration and the largest solar buildout in the Carolinas.
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