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Dealflow: May 5 - 11

5 deals tracked·727.5 MW total capacity·2 executive moves

Published Monday, May 5, 2025

The Week in Deals

5 deals
DateDeal TypeTechSeller / SponsorBuyer / FinancierSizeLocationStatusNotes
May 6Environmental attributes purchase agreementSolar+BESSSunraycer RenewablesMeta Platforms147.5 MWTXAnnouncedSunraycer Renewables signed Environmental Attribute Purchase Agreements with Meta covering the Midpoint and Gaia solar projects in Texas.
May 6Construction financingSolarD. E. Shaw Renewable InvestmentsFifth Third Bank140 MWMIClosedDESRI and Ranger Power closed financing for the White Tail Solar project within a 290 MWac two-project Michigan financing, with lenders including Fifth Third Bank, Zions Bancorporation, Bank of America, Commerzbank and Sumitomo Mitsui Trust Bank.
May 6Public power PPASolarD. E. Shaw Renewable InvestmentsMichigan Public Power Agency140 MWMIAnnouncedWhite Tail Solar is contracted to supply power to the Lansing Board of Water & Light and the Michigan Public Power Agency.
May 5Construction loanSolarD.E. Shaw Renewable InvestmentsFifth Third Bank150 MWMIClosedHeartwood Solar achieved financial close, with construction financing from a lender group led by Fifth Third Bank and Zions Bancorporation as coordinating lead arrangers; the $290 MWac figure cited covers Heartwood plus White Tail Solar.
May 5Utility offtake agreementSolarD.E. Shaw Renewable InvestmentsConsumers Energy150 MWMIClosedHeartwood Solar has a power purchase agreement with Consumers Energy.

Change of Control

2 moves

Elisabeth Yandell McNeil joined as Shareholder, Energy & Natural Resources, Seattle at Greenberg Traurig (from Partner, K&L Gates)

McNeil joined Greenberg Traurig as part of a 3-shareholder energy team lateral from K&L Gates Seattle — covering renewables M&A and carbon capture transactions across the West Coast/Pacific Northwest.

Press release

May 9

Claire Hansen Suni joined as Shareholder, Energy & Natural Resources, Seattle at Greenberg Traurig (from Partner, K&L Gates)

Suni completed the 3-shareholder Seattle team move from K&L Gates to Greenberg Traurig — adding clean energy, decarbonization, and natural-resources M&A depth.

Press release

May 9

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