The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Aug 15 | Project Finance | Solar | Summit Ridge Energy | HASI (co-investor); Bank of America, Nomura, Prudential Private Capital, MetLife Investment Management (debt) | $309M | IL, MD | Closed | $309M back-leveraged term loan with HASI as co-investor. Bank of America, Nomura, Prudential Private Capital, and MetLife Investment Management as lenders. Among the largest community solar portfolio financings of 2024. | |
| Aug 13 | Power Purchase & Offtake | Solar | RWE | Meta | 374 MW | IL, LA | Announced | Two long-term PPAs. County Run Solar (274 MWac) in Clark, Coles & Cumberland counties, IL — RWE's largest IL solar project. Lafitte Solar (100 MWac) in Ouachita Parish, LA — RWE's first and Meta's first renewables project in Louisiana. Commissioning late 2025. Blattner Energy (IL), McCarthy Building (LA) as EPC. | |
| Aug 12 | Project Finance | Solar+BESS | Clearway Energy Group | SocGen, ANZ, Siemens Financial, Commerzbank, CoBank, DNB, Nord/LB | $550M | CA | Closed | Construction loan for solar+storage project contracted under 15-year agreements with California CCAs and municipalities. EPC by McCarthy Building Companies. | |
| Aug 9 | Tax Equity & Tax Credits | Solar | Summit Ridge Energy | Undisclosed (private real estate company) | $40M | VA | Closed | Reunion Infrastructure facilitated $40M ITC transfer from Summit Ridge Energy's Virginia community solar portfolio. Buyer is privately held real estate company. Several projects qualify for IRA energy community and low-income community bonus adders. Investment exclusively provides energy savings to low-income households. Includes projects like Scenic Farms Solar (4.1 MWdc, Elkton, VA). |
Change of Control
2 movesWilliam Fehrman departed Vestas Wind Systems as Board of Directors Member
Fehrman brought in-depth knowledge of the US renewable energy industry (Vestas' largest market). His departure came only months after being elected to the board at the 2024 AGM.
Aug 14
Gabriel Yamal promoted to Executive Vice President, Central & Western Regions, Mexico, and Energy Storage at EDP Renewables North America
Yamal was promoted after 16 years at EDPR NA, having joined in 2008 as a Market Intelligence Analyst. The promotion reflects EDPR's continued investment in its US renewables and storage businesses.
Aug 12
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