The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Apr 3 | Project Finance | Solar | Silicon Ranch | AIP Management | $500M | Multi-state | Closed | AIP Management joins existing investors Shell, Manulife Investment Management, and TD Asset Management. Silicon Ranch installed 950 MW in 2024 and signed ~2 GW of new PPAs. Goal: 10 GW by 2030. | |
| Mar 31 | Project Finance | Solar+BESS | Enlight Renewable Energy (Clenera) | BNP Paribas, Crédit Agricole, Natixis, Nord/LB | $773M | CA | Closed | Construction financing converting to $376M term loan at COD. 30-year solar PPA + 20-year storage PPA with SMUD. $41M+ community benefits, 360+ construction jobs. COD expected H2 2026. Consortium of BNP Paribas, Crédit Agricole, Natixis, Nord/LB. |
Change of Control
8 movesScott Koziar promoted to Chief Development Officer at Apex Clean Energy
Promoted to CDO at Apex Clean Energy under CEO Ken Young, as the Ares-backed developer continues to build out one of the largest US clean energy pipelines.
Charles Wheeler departed Greenbacker Renewable Energy as CEO and Board Chairman
9-year founder-CEO retired from Greenbacker as the firm pivoted to its next growth phase as a non-traded REIT/IPP focused on profitability post-IRA policy uncertainty.
Daniel de Boer named Interim Chief Executive Officer at Greenbacker Capital (from Chief Investment Officer, Greenbacker Capital Management)
CIO de Boer elevated to interim CEO succeeding founder Wheeler; later made permanent in September 2025. Marks a shift from founder-led to investment-team leadership at the ~$3B AUM clean energy REIT.
Carl Weatherley-White named Chief Financial Officer at Greenbacker Capital (from Senior Finance Executive, Greenbacker Capital)
New CFO appointed alongside de Boer's interim CEO move — completing the senior-team rebuild as Greenbacker pivots toward profitability.
Eric M. Williams departed Sunnova Energy as EVP and Chief Financial Officer
CFO Williams exited Sunnova days before its going-concern disclosure; bankruptcy followed in June. The CFO chair turned over twice in 2025 as the company restructured.
Robyn Liska named interim Interim Chief Financial Officer at Sunnova Energy
Liska brought in as interim CFO with the financial strategy update — last-ditch effort to find financing alternatives ahead of the eventual June 2025 Chapter 11 filing.
John O'Brien Jr. named Chief Executive Officer at JERA Americas (from Chief Operating Officer, JERA Americas)
Promoted from COO (appointed Nov 2023) to CEO. Prior experience at National Grid, Exelon, NRG, Vistra/TXU, AltaGas. JERA Americas is the US subsidiary of Japan's largest power company.
Peter Williams promoted to SVP and Chief Product and Supply Chain Officer at Fluence Energy
Williams' expanded role at the global energy storage leader (Nasdaq: FLNC) unifies product and supply chain under single leadership to accelerate product development and strengthen pricing.
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