The Week in Deals
3 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Nov 12 | Power Purchase & Offtake | Solar | TotalEnergies | Alphabet (Google) | 50 MW | OH | Announced | 15-year PPA to supply ~1.5 TWh of certified renewable electricity to Google's Ohio data centers over the contract term. Follows Google's $2.3B investment in three Ohio data center campuses (June 2024). TotalEnergies deploying 10 GW US portfolio across solar, wind, and storage. | |
| Nov 12 | Strategic & Growth Capital | Other | Voya Energy | Energy Impact Partners (lead), Founders Fund, 8090 Industries, Overmatch, IQT, Trust Ventures, Seven Stars, Liquid 2 Ventures, SV Angel, Brian Janous (angel), Sheldon Kimber (angel), Peter Reinhardt (angel) | $13M | CA | Closed | Voya Energy (Hayward, CA) launches publicly with $13M seed led by Energy Impact Partners (Shayle Kann). CEO Richard Wang (ex-Cuberg CEO), CCO Matt Horton (ex-Voltera/Rivian EVP), CTO Steven Kaye (ex-Our Next Energy). Develops metal fuels technology: converts recycled metals into carbon-free fuel for grid-independent power generation. Strategic investors include IQT (CIA venture arm) and clean energy veterans Brian Janous and Sheldon Kimber. | |
| Nov 10 | Project Finance | Solar+BESS | Enlight Renewable Energy (ClÄ“nera) | Wells Fargo, BNP Paribas, Natixis, Nord/LB, Crédit Agricole, MUFG | $1.44B | AZ | Closed | Massive solar+storage project near Holbrook, Arizona. Six-bank syndicate. Part of Enlight's Snowflake complex (~1,250 MW solar, 4,000 MWh BESS across two phases). Separate from CO Bar Complex. COD expected H2 2027. |
Change of Control
2 movesDan Shugar joined as Chief Executive Officer (post-rebrand) at Nextpower (formerly Nextracker) (from Founder and Chief Executive Officer, Nextracker)
Shugar continues as CEO post-rebrand from Nextracker to Nextpower — reflecting the company's pivot from pure-play solar tracking to integrated utility-scale and distributed energy technology platform. Brand transition completed November 12, 2025.
Max Klupchak joined as Partner, M&A and Private Equity, Houston at Latham & Watkins (from General Counsel, The Sterling Group)
Sterling Group GC and former Kirkland partner Klupchak joined Latham's Houston M&A/PE practice — adding direct PE in-house perspective to the Latham bench just before Heasley's arrival.
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