The Week in Deals
5 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Dec 4 | Project Finance | Solar+BESS | Longroad Energy | — | 111 MW | AZ | Closed | Longroad's fourth utility-scale project in Maricopa County, representing cumulative $2B invested there. Fluence BESS with US-made EPC Power inverters and AESC cells. COD mid-2026. | |
| Dec 4 | Project & Portfolio M&A | Solar+BESS | TotalEnergies | Apollo (funds managed by Apollo affiliates) | $800M | TX | Closed | TotalEnergies' capital recycling strategy — sells 50% at COD to maximize value and manage risk. Apollo equity contribution of $550M plus $250M shareholder loan refinancing. TotalEnergies retains 50% and continues operating. Part of TotalEnergies' 4 GW Texas renewable portfolio. | |
| Dec 3 | Project Finance | Other | Eos Energy Enterprises | DOE Loan Programs Office | $304M | PA | Closed | First Title 17 battery manufacturing loan closed under Biden administration. Reduced from original $398.6M conditional commitment due to lower costs and Cerberus strategic investment. Supports up to 1,000 jobs. | |
| Dec 1 | Project & Portfolio M&A | Solar | — | Summit Ridge Energy | 100 MW | VA | Closed | Summit Ridge acquires 100 MW of community solar across 19 projects in 16 Virginia counties. Expected operational by end of 2024. Expands Summit Ridge to 2+ GW nationwide. | |
| Dec 1 | Project & Portfolio M&A | Solar | Invenergy | Meta | 760 MW | AR, NM, OH, TX | Closed | Meta signs 4 contracts with Invenergy for 760 MW of clean energy, bringing total Meta-Invenergy partnership to over 1 GW. Projects span 2024-2027 CODs across 4 states. Subsequently expanded by 791 MW in 2025 (total 1,791 MW). |
Change of Control
1 moveStanley W. Connally, Jr. named EVP and Chief Operating Officer at Southern Company (from EVP, Operations, Southern Company)
Connally elevated to COO of Southern Co. — overseeing Vogtle 3 & 4 stewardship and Georgia Power's rapid build-out for Hyundai/QTS data-center loads.
Dec 4
Prefer the email view? Open the original email →
Get the next issue in your inbox
Free, every Monday. Unsubscribe anytime.