The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Dec 31 | Utility PPA | Solar | FPL self-build (NextEra subsidiary) | Florida Power & Light (FPL) | 596 MW | FL | Closed | SolarTogether subscription model: not a strike-style PPA. Customer pays $6.76/kW/month + receives 3.6¢/kWh credit (= ~$36/MWh implied equivalent). Excluded from sub-region median. Sub-region: FPL (FL). |
Change of Control
8 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.
David Hardy joined as Global Chief Commercial Officer at GE Vernova Wind (from CEO, Region Americas, Ørsted)
Hardy — architect of Ørsted's 11 GW US offshore-wind position (South Fork, Revolution Wind, Sunrise Wind FIDs) — defected to GE Vernova as global wind CCO, a major signal of OEM priority on US wind commercial sophistication amid demand uncertainty.
Kent James joined as Chief Commercial Officer, North America at FTC Solar (from Senior Vice President, Sales and Development, Primoris Renewable Energy)
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.
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 (from Managing Director, Asset Management, Avangrid Renewables)
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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