The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Mar 13 | Project Finance | BESS | Clearway Energy Group | KeyBanc, CoBank, DNB, US Bancorp Impact Finance, National Australia Bank, Bank of America, Nord/LB | $605M | UT | Closed | 20-year tolling agreement with PacifiCorp. Projects: Granite Mountain E, Enterprise Solar, Iron Springs, Escalante. Rosendin as EPC. $60M property/sales taxes over project life. COD expected 2026. | |
| Mar 1 | Power Purchase & Offtake | Solar | MN8 Energy (Walker Solar Project) | Meta | 80 MW | PA | Announced | Meta signed for 100% of electricity from MN8's 80 MW Walker Solar Project. Expected operations by end of 2026. Part of Meta's broader push to 10+ GW of clean energy in 2025. |
Change of Control
3 movesNathan Hanson promoted to President, LS Power Generation at LS Power
Promoted to newly created President role overseeing LS Power's generation operations, signaling the firm's strategic emphasis on its gas-fired fleet as a complement to renewables.
John Berger departed Sunnova Energy as Founder, President and CEO
Founder Berger ousted as CEO with the residential solar market in freefall and stock down ~95% from peak. Replaced same-day by Paul Mathews. Berger later resurfaced founding Otovo USA.
C. Park Shaper appointed Chair of the Board at Sunnova Energy (from Director, Sunnova Energy)
Former Kinder Morgan president Shaper assumed Sunnova Chair role in the same announcement that replaced founder Berger with Mathews — bringing operational MLP/midstream restructuring experience to the cratering residential solar firm.
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