The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Mar 4 | Project Finance | Solar | Adapture Renewables | MUFG | $321M | AR, IL | Closed | Construction loan + tax credit bridge loan. First MUFG partnership for Adapture (owned by KIRKBI/LEGO family). Meta as offtaker under 330 MW environmental attributes agreements. Energy Community sites. Alberici as EPC. |
Change of Control
6 movesPaul Mathews promoted to President and CEO at Sunnova Energy
Mathews replaced founder John Berger as Sunnova warned it might not have enough money to continue as a going concern. Three months later the company filed for Chapter 11 with $8.9B in debt.
Asaf Alperovitz joined as Chief Financial Officer at SolarEdge Technologies
New CFO joins SolarEdge as the inverter and optimizer manufacturer navigates a challenging period with inventory corrections and market headwinds.
Eric Javidi joined as Chief Financial Officer at Eos Energy Enterprises (from Managing Partner & Co-Head of Energy Infrastructure, Kayne Anderson)
Kayne Anderson energy infra co-head Javidi succeeded Randy Gonzales (who moved to Silicon Ranch) as CFO of zinc-based long-duration storage maker Eos. Hiring reflects Eos' push to commercialize 2 GWh of US manufacturing capacity in 2025.
John Mahaz joined as Chief Operating Officer at Eos Energy Enterprises
New COO Mahaz hired alongside Javidi to scale Eos's zinc-based long-duration storage manufacturing toward its 2 GWh production target.
Ben Harper joined as Managing Director, Head of Sustainability at I Squared Capital (from Managing Director, Head of ESG, Stonepeak Infrastructure Partners)
Harper moved from Stonepeak to I Squared Capital to lead sustainability initiatives across the firm's $40B infrastructure portfolio. Previously served on the White House CCS Task Force and UN PRI Infrastructure Advisory Committee.
Patrick Worrall joined as SVP of Structured Finance and M&A at New Columbia Solar
New Columbia Solar adds structured finance and M&A expertise as it scales community solar and distributed generation portfolio.
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