The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Dec 19 | Project Finance | Other | Hanwha Qcells Georgia (Qcells) | DOE Loan Programs Office | $1.45B | GA | Closed | First fully integrated silicon-based solar panel manufacturing facility in US since 2016. 1,650 full-time jobs. 8-year/12 GW EPC agreement with Microsoft. Supports 45X and domestic content bonus eligibility. | |
| Dec 19 | Project & Portfolio M&A | Solar | Savion (Shell) | Ameren Missouri | 150 MW | MO | Closed | Ameren Missouri acquires 150 MW Cass County Solar (Cass County, Missouri) from Savion. Project reached operational status Dec 2024. Part of Savion's 3,049 MW operating/construction portfolio. | |
| Dec 17 | Project Finance | Solar+BESS | PG&E | DOE Loan Programs Office | $15.00B | CA | Announced | Conditional commitment announced Dec 17, 2024. Financial close followed one month later on Jan 17, 2025 — the fastest conditional-to-close timeline in LPO history for a deal of this scale. | |
| Dec 15 | Project Finance | Solar+BESS | Wisconsin Electric Power Company | US Department of Energy | $2.50B | WI | Announced | First conditional loan guarantee under DOE's EIR program for utility renewable portfolio. Part of $22.92B in utility EIR commitments announced January 2025 across eight utilities. 100% of interest savings to flow to ratepayers. |
Change of Control
2 movesAmanda Dasch joined as CEO, Region Americas at Ørsted (from COO, Region Americas, Shell)
Dasch was promoted to lead all US operations for the Danish offshore wind giant, later taking on the Chief Development Officer role as well — consolidating both operational and growth leadership.
Dec 16
Shanelle Montana joined as Chief Development Officer at Arevon Energy (from SVP of Portfolio Management, Lightsource bp)
Montana moved from Lightsource bp where she oversaw a 20 GW pipeline to Arevon, then led by Kevin Smith (also ex-Lightsource bp). Key talent flow between major solar platforms.
Dec 18
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