The Week in Deals
3 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Mar 18 | Project Finance | BESS | Recurrent Energy (Canadian Solar) | Nord/LB (project debt), Greenprint Capital (tax equity) | $183M | TX | Closed | Nord/LB-led $112M project finance (construction + term loan + TC bridge + LC) plus $71M Greenprint Capital tax equity partnership. Merchant storage. e-STORAGE supplying LFP batteries. Burns & McDonnell as EPC. | |
| Mar 18 | Power Purchase & Offtake | Solar | RWE Clean Energy | Meta Platforms | 200 MW | TX | Announced | RWE's third Meta PPA in 2025 (combined ~574 MW with County Run IL and Lafitte LA). Construction begins late 2025; COD 2026. Supports Meta data center operations across PJM/ERCOT. | |
| Mar 14 | Corporate M&A | Solar+BESS | ENGIE North America | Ares Management | 1,000 MW | Multi-state | Announced | Second tranche of Ares-ENGIE partnership, expanding from 2.7 GW to 3.7 GW. Nearly 1 GW of solar and storage assets added. ENGIE retains controlling stake. |
Change of Control
2 movesJohn Sneed departed U.S. Department of Energy as Director, Loan Programs Office (Acting)
Sneed exited LPO after roughly two months, returning to Texas. His departure left the $400B loan authority leaderless mid-transition during a period of policy retrenchment.
Mar 18
Lane Genatowski joined as Director, Loan Programs Office at U.S. Department of Energy (from Former Director (first Trump administration), U.S. Department of Energy (ARPA-E))
Genatowski — former ARPA-E director and JPMorgan/BofA power & utilities banker — succeeded Sneed at the helm of LPO's ~$400B authority as the second Trump term began revising loan-program priorities toward "energy dominance".
Mar 21
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