The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Mar 24 | Project & Portfolio M&A | Solar+BESS | ENGIE North America | Ares Management Infrastructure Opportunities | 900 MW | IL, MO, TX | Announced | ENGIE expands capital recycling partnership with Ares Management Infrastructure Opportunities funds. Ares acquires minority stakes in ~900 MW portfolio. ENGIE retains operating control and uses recycled capital to fund continued US expansion (targets 11 GW operating + construction by year-end 2025). | |
| Mar 18 | Project Finance | BESS | Jupiter Power (BlackRock) | Barclays Bank PLC, HSBC Bank USA | $286M | MI, TX | Closed | Construction loans, tax equity bridge loans, LC facility. Tibbits: Michigan's first utility-scale BESS under 20-year PPA with Consumers Energy. Tidwell Prairie: long-term tolling agreement. COD expected 2025. Jupiter backed by BlackRock Diversified Infrastructure; developing ~12 GW pipeline. |
Change of Control
2 movesRandy Gonzales joined as Chief Financial Officer at Silicon Ranch Corporation (from Chief Financial Officer, Eos Energy Enterprises)
Air Force vet and CPA Gonzales brings public-company finance discipline (Nissan, Caterpillar, Eos) to Shell-backed private IPP Silicon Ranch as it scales to 3.6+ GW operating across the Southeast.
John Decker joined as Partner, Energy Regulatory, Washington DC at Kirkland & Ellis (from Partner, Energy Regulatory, Vinson & Elkins)
Top-of-market energy regulatory partner Decker (LNG, gas-fired power, electric power transactions) defected from V&E to Kirkland — a marquee gain reflecting Kirkland's push into FERC-regulated transactional work.
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