The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Dec 31 | Project Finance | Wind | Equinor | Undisclosed bank syndicate | $3.00B | NY | Closed | Largest US offshore wind project financing to date. Financial close December 2024. 25-year NYSERDA OREC contract at $155/MWh. Will power 500,000 NY homes. COD expected 2027. Equinor took full ownership from bp in April 2024 via cash-neutral swap. Lender names not publicly disclosed — described as experienced sector lenders and Equinor relationship banks. |
Change of Control
11 movesCorynne S. Arnett promoted to EVP, Chief Regulatory and Customer Officer at Dominion Energy
Role elevation at Dominion as the utility manages complex regulatory proceedings around its clean energy transition and the Coastal Virginia Offshore Wind project.
Dan Walker joined as Chief Executive Officer at Hecate Grid (Fullmark Energy)
Walker was named CEO of the new energy storage company launched by Hecate Energy and InfraRed Capital Partners. He brings 20+ years of electricity industry experience.
Brian Dunn named President and Chief Operating Officer at Summit Ridge Energy
Co-founder promoted to President & COO in Jan 2025. 18+ years in energy finance and business development.
Krish Koomar joined as Chief Financial Officer at Vesper Energy (from Senior Vice President and CFO, esVolta)
Appointed CFO effective Jan 2025. 20+ years in renewable energy and banking. Previously SVP/CFO at esVolta, VP/Asst Treasurer at NRG Energy.
Arantza Ezpeleta named Chief Executive Officer at Acciona Energia (from Chief Operating Officer, Acciona Energia)
Succeeded Rafael Mateo (16-year tenure) as global CEO of ACCIONA Energia. Previously COO. Acciona has 1.3 GW US solar portfolio.
Kent James joined as Chief Commercial Officer, North America at FTC Solar
James joined the solar tracker company bringing 20+ years of commercial experience in the solar industry, supporting FTC Solar's growth strategy in North America.
Sherman Knight named Chief Executive Officer at Competitive Power Ventures (from President and Chief Commercial Officer, Competitive Power Ventures)
Promoted from President/CCO to CEO, succeeding co-founder Gary Lambert who became Executive Vice Chairman (departed to ArcLight Mar 2026). CPV has gas, solar, and renewables portfolio.
Stephen Gill joined as Partner, Houston at Skadden, Arps, Slate, Meagher & Flom (from Co-Leader, Corporate Group and Strategic M&A Practice, Vinson & Elkins)
V&E corporate co-leader Gill jumped to Skadden's Houston office, a major blow to V&E and a signal of Skadden's energy M&A ambitions in Texas.
Mingda Zhao joined as Partner, Energy M&A, Houston at Skadden, Arps, Slate, Meagher & Flom (from Partner, White & Case)
Zhao moved to Skadden from White & Case (originally a V&E associate). Part of Skadden's strategic investment in Houston energy M&A.
Emery Choi joined as Partner, Energy M&A, Houston at Skadden, Arps, Slate, Meagher & Flom (from Partner, White & Case)
Choi moved alongside Zhao from White & Case to Skadden in Houston, both originally trained at V&E. Big Law firms are anticipating more energy deals under the Trump administration.
Brad Kallenberger joined as Senior Vice President of Asset Management at Savion
New SVP role at Shell-backed Savion, which is expanding from pure development into asset management. The hiring reflects Savion's maturation as its projects reach commercial operation.
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