The Week in Deals
3 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jan 28 | Corporate Debt & Capital Markets | Solar | Sunrun | ATLAS SP Partners (structuring agent) | $629M | Multi-state | Closed | Sunrun's 13th securitization and first of 2025. Second-largest in industry history. Three classes of A-rated notes ($102M A-1 public + $276.5M A-2A public + $250M A-2B private) plus BB retained Class B. | |
| Jan 27 | Project Finance | Solar | Greenbacker Renewable Energy | MUFG, KeyBanc, ING, Intesa Sanpaolo, SocGen, Wells Fargo | $950M | NY | Closed | Aggregate $950M: $869M construction-to-term loan + tax equity bridge + LCs (6 CLAs) + $81M development loan from Voya IM. Acquired from Hecate Energy. Includes agrivoltaics plan. Named 2024 North American Solar Deal of the Year by Proximo Infra. | |
| Jan 27 | Project Finance | Solar | Invenergy | Natixis CIB, CIBC, Nomura, Rabobank, Wells Fargo | $1.10B | IN, OH, TN | Closed | Construction/bridge loan facility + letter of credit facility. Natixis as documentation agent, CIBC as admin agent, Rabobank as diligence coordinator. Expected COD 2026. $390M+ in community taxes/payments. |
Change of Control
9 movesJessica Geoffroy promoted to Chief Financial Officer at XPLR Infrastructure (formerly NextEra Energy Partners) (from NextEra Energy)
Named CFO alongside Alan Liu's CEO appointment as part of the partnership's rebranding and strategic repositioning away from NextEra Energy's direct management.
Ron Gusek promoted to Chief Executive Officer at Liberty Energy
Gusek succeeded Chris Wright as CEO of Liberty Energy after Wright was confirmed as US Secretary of Energy. Had served as President since 2016.
Mads Nipper departed Ørsted as Group President and CEO
Nipper led Ørsted since January 2021, growing renewable capacity from 11.3 GW to a projected 18.2 GW. His departure came amid challenging offshore wind market conditions including supply chain bottlenecks, rising interest rates, and a shifting US regulatory landscape.
Rasmus Errboe promoted to Group President and CEO at Ørsted
Errboe replaced Mads Nipper (already in the database as move-2026-059) amid Orsted's $1.7B US impairment and 83% share price decline. He also served as interim Americas leader after David Hardy's departure.
Michele Di Murro promoted to CEO and Head of US and Canada at Enel North America
Di Murro moves from CFO to CEO of Enel's North American operations. He joined the Enel Group in 2010 and held international roles including CFO of Enel's Colombian subsidiaries.
John Sneed joined as Director, Loan Programs Office (Acting) at U.S. Department of Energy
Sneed — who ran LPO during the first Trump administration — returned for a transitional 30-day appointment to oversee the handoff after Jigar Shah departed in January 2025.
Dan Giemajner joined as Partner, Energy and Project Finance at King & Spalding (from Partner, Akin (formerly Akin Gump))
K&S raided Akin for Giemajner and Hardwick in London to deepen its energy project finance bench. Giemajner advises on renewable energy, hydrogen, and nuclear project structuring and financing.
Matt Hardwick joined as Partner, Energy and Infrastructure Projects at King & Spalding (from Partner, Akin (formerly Akin Gump))
Hardwick joined K&S alongside Giemajner from Akin, advising on design, construction and operation of high-value energy and infrastructure projects.
Laura Beane appointed Board Chair at American Clean Power Association
Beane, President of Vestas North America (overseeing 49+ GW installed and 43 GW under service), stepped into the ACP Board Chair role, reflecting the wind OEM's continued influence in US clean energy policy.
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