The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Feb 18 | Power Purchase & Offtake | Solar | Pivot Energy | Microsoft | 500 MW | Multi-state | Announced | Five-year framework to develop up to 500 MW of community-scale solar. ~150 projects across ~100 communities in 20 states. Part of Microsoft's 100% renewable matching achievement. | |
| Feb 1 | Power Purchase & Offtake | Solar | Avangrid (Iberdrola) | Amazon | 57 MW | OR | Announced | Oregon Trail Solar expected to begin operations in 2027. Supplies Amazon data centers in Pacific Northwest. Part of broader Amazon-Iberdrola global partnership. |
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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