The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Feb 15 | Project Finance | Solar+BESS | Quinbrook Infrastructure Partners | Multiple (consortium) | $588M | TX | Closed | Quinbrook/Primergy $588M debt financing for 408 MWac Ash Creek Solar in Hill County, TX. PPA with Microsoft. Additional $350M tax equity secured October 2024, bringing total capital to ~$1B. Source: BusinessWire March 2024. |
Change of Control
3 movesTimothy O'Connor departed Xcel Energy as EVP and Chief Operations Officer
COO retirement triggered creation of two new EVP roles — Chief Generation Officer (Sharp) and Chief Delivery Officer (Lamb) — splitting the operations portfolio at the utility leading wind/solar adds in the Upper Midwest.
Scott Sharp named EVP and Chief Generation Officer at Xcel Energy (from Senior Vice President, Generation, Xcel Energy)
Sharp elevated to lead Xcel's generation fleet — including coal retirements, new gas builds, and the largest US utility wind portfolio.
Michael Lamb named EVP and Chief Delivery Officer at Xcel Energy (from Senior Vice President, Transmission, Xcel Energy)
Lamb elevated to lead transmission/distribution as Xcel positions for major grid build-out tied to Western interconnection expansion and AI data-center load.
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