The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Oct 20 | Project Finance | Solar+BESS | Cypress Creek Renewables | MUFG (coordinating lead arranger) / BNP Paribas / DNB Bank ASA / Santander; Fifth Third Bank (tax equity) | $190M | CO | Closed | ~$190M construction financing led by MUFG with BNP Paribas, DNB Bank ASA, and Santander. Tax equity from Fifth Third Bank. EPC by McCarthy Building Companies. CORE Electric Cooperative offtake (powers ~25,000 CO homes). COD expected late 2026. 40-year project life; generates $9.5M+ in property taxes. | |
| Oct 1 | Power Purchase & Offtake | Solar+BESS | Vantage Data Centers / WEC Energy Group | Oracle / OpenAI | $15.00B | WI | Announced | OpenAI, Oracle, and Vantage developing $15B Lighthouse campus — four hyperscale data centers delivering ~1 GW of AI computing capacity by 2028. WEC Energy Group co-developing ~2 GW of renewable infrastructure via We Energies subsidiary. 70% to Lighthouse, 30% to Wisconsin consumers. |
Change of Control
3 movesAbigail Ross Hopper departed SEIA as President and CEO
Hopper announced her departure after leading SEIA through its most transformative period: industry growth from 36 GW to 255 GW installed, annual investment from $16B to $70B, and the passage of the Inflation Reduction Act. A search for her successor is underway.
Darren Van't Hof promoted to Interim President and CEO at Solar Energy Industries Association (SEIA)
Van't Hof stepped into the interim CEO role at SEIA following Abigail Ross Hopper's departure after nine transformative years. He previously served as a 15-year board member and Chairman.
Audrey Robertson joined as Assistant Secretary, Office of Energy Efficiency and Renewable Energy (EERE) at U.S. Department of Energy (from Energy Industry Veteran, Energy Industry Background)
Robertson confirmed as Trump's EERE Assistant Secretary — leading the office responsible for solar, wind, geothermal, hydrogen, and energy efficiency programs amid material reorientation toward "energy dominance" and away from renewables.
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