The Week in Deals
5 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jun 1 | Construction financing | Solar+BESS | Avantus | Bank syndicate | $500M | CA | Closed | Avantus closed more than $500 million in construction funding, a tax equity bridge loan and letters of credit for the Aratina 1 (Aratina Solar Center 1B) project. | |
| Jun 1 | Construction loan | Wind | Scout Clean Energy | KeyBanc Capital Markets | $280M | CA | Closed | KeyBanc Capital Markets closed $280 million of senior secured credit facilities, including a construction loan, for the Gonzaga Ridge Wind Project. | |
| Jun 1 | Utility PPA | Wind | EDP Renewables | TVA | 100 MW | IA | Closed | Power generated by the Lost Lakes Wind Farm is sold to the Tennessee Valley Authority under a long-term power purchase agreement. | |
| May 28 | Tax equity | Solar | Arevon Energy | Fifth Third Bank | $98M | IN | Closed | Arevon secured a $98 million tax equity commitment from Fifth Third Bank for its Ratts 1 and Heirloom Solar projects in Pike County, Indiana. | |
| May 27 | Tax equity | Solar+BESS | Ormat Technologies | Morgan Stanley Renewables | $62M | CA | Announced | Ormat announced a $62 million hybrid tax equity partnership with Morgan Stanley Renewables covering the Arrowleaf and Lower Rio storage facilities. |
Change of Control
2 movesKevin Olson named Chief Financial Officer at Scout Clean Energy (from Senior Vice President, Project Finance, Scout Clean Energy)
New CFO at Scout Clean Energy (Brookfield portfolio company) as the developer scales its 19 GW pipeline across wind, solar, and storage in 24 states.
Jun 1
Regina J. Elbert promoted to SVP, Chief Legal and Human Resources Officer at Dominion Energy (from SVP, Chief Human Resources Officer, Dominion Energy)
Elbert's expanded portfolio at Dominion Energy, combining legal and HR functions, comes amid the utility's massive capital plan for clean energy and offshore wind.
Jun 1
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