The Week in Deals
5 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Nov 8 | Project Finance | Solar | Pivot Energy | First Citizens Bank (debt warehouse lead), ATLAS SP Partners (Apollo-owned), HASI (structured equity) | $450M | Multi-state | Closed | $450M+ distributed generation financing: First Citizens Bank as debt warehouse lead, ATLAS SP Partners (Apollo) as additional lender, HASI as structured equity. Among the largest community solar/DG financings of 2024. | |
| Nov 7 | Power Purchase & Offtake | Solar | EDP Renewables North America (with Volt Energy Utility on Hickory) | Microsoft (VPPA) | 400 MW | IL, TX | Closed | Three-project EDPR-Microsoft 400 MW US VPPA portfolio. Cattlemen II in TX commissioned Dec 2024; Wolf Run + Hickory in IL commissioned Nov 2024. Hickory uses Volt Energy Utility's environmental justice framework with community benefits. | |
| Nov 1 | Project Finance | Solar+BESS | DTE Electric Company | US Department of Energy | $7.17B | MI | Announced | DOE LPO conditional commitment for renewable generation and battery storage. Projects expected online by end of decade. Part of utility EIR program wave. | |
| Nov 1 | Project & Portfolio M&A | Solar | Dimension Renewable Energy | Partners Group | 500 MW | Multi-state | Closed | Partners Group completes buyout/LBO of Dimension Renewable Energy's distributed generation and community solar portfolio. Dimension surpassed $1B raised by 2025, with 500 MW of operating community solar assets. | |
| Oct 31 | Power Purchase & Offtake | Wind | RWE | Rivian | 127 MW | TX | Announced | Electricity from Champion Wind will supply Rivian Adventure Network EV fast-charging with 100% renewable energy. Original 2008 wind farm undergoing upgrades — new Siemens Gamesa nacelles/blades on existing towers plus 6 new 3.1 MW turbines. Old blades recycled by REGEN Fiber. ~1 billion miles of renewable driving per year. |
Change of Control
8 movesClay Corbus promoted to President and Chief Executive Officer at Clean Energy Fuels Corp (from Senior Vice President, Strategic Development and Head of Renewable Fuels, Clean Energy Fuels Corp)
19-year CLNE veteran succeeds co-founder Andrew Littlefair after 30+ years; Corbus led all M&A and capital-raising and built the company's RNG production and distribution businesses; Clean Energy operates North America's largest natural gas vehicle fueling network.
Andrew Littlefair departed Clean Energy Fuels Corp as President and Chief Executive Officer
Littlefair co-founded CLNE with T. Boone Pickens in 2001 and led the company for 30+ years, building North America's largest natural gas fueling network; transitions to a three-year government relations consulting role ($750K/year) while remaining on the board.
Richard H. Little joined as Chief Executive Officer & Director at enCore Energy Corp. (from Resource industry executive, Ajax Resources / private resource-industry executive)
Little takes the helm at enCore Energy — the only US uranium producer with two operational ISR Central Processing Plants (both South Texas) — to accelerate licensing and cost discipline as US nuclear-fuel sovereignty becomes a bipartisan priority alongside the data-center power buildout. Compensation disclosed: $600K base. Previously engineered the $1.24B sale of Ajax Resources' Northern Midland Basin assets to Diamondback Energy.
Aaron D. Moss promoted to Executive Vice President & Chief Financial Officer at Edison International (from Senior Vice President & Chief Financial Officer, Southern California Edison)
Moss steps up from SCE CFO to parent EIX CFO at $730K base + 85% target bonus + supplemental $603K LTI grant (25% options / 25% RSUs / 50% performance shares). A career SCE/EIX finance hand who served as Controller of both entities (2016–2022); confirms internal promotion strategy at California's largest IOU.
Maria Rigatti departed Edison International as Executive Vice President & Chief Financial Officer
Long-tenured EIX CFO Rigatti retires after navigating wildfire-liability cycles and rate-base growth strategy at California's largest IOU. Steps down as CFO July 3, 2026 and full retirement Sept 1, 2026. Closes one of the longest-serving utility CFO seats in California.
William M. Sheriff appointed Executive Chair (return) at enCore Energy Corp. (from Founder; former Executive Chair (had transitioned off executive role), enCore Energy Corp.)
Founder Sheriff returns to an executive-chair role alongside new CEO Richard Little, signaling a strategic reset for the leading US ISR uranium producer. Mirrors a pattern at other US critical-minerals juniors where founders re-engage in governance to navigate licensing and capital-markets cycles. Tied to the broader 2026 nuclear-fuel onshoring push.
M. Susan Hardwick appointed Independent Director (Audit & Finance Committee; Compensation & Executive Personnel Committee) at Edison International (from Former Chief Executive Officer, American Water Works)
EIX board expanded from 11 to 12 seats to add Hardwick — a heavyweight utility-finance director with prior CEO/CFO experience at American Water and Vectren. Adds Audit + Compensation Committee depth as EIX prepares for the CFO transition from Rigatti to Moss.
Sana Ouji joined as Energy Lead at Anthropic (from Strategic Energy Investments and Partnerships Lead, Data Center Division, Google)
First dedicated energy role at Anthropic, signaling the AI lab's commitment to securing clean energy capacity for AI infrastructure; Ouji brings 6+ years managing Google's data center clean energy strategy across multiple geographies.
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