The Week in Deals
5 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Dec 19 | Project Finance | Solar | Treaty Oak Clean Energy | SMBC, ING, Crédit Agricole CIB, MUFG, National Australia Bank | $399M | LA | Closed | $399M non-recourse senior secured financing for Meta-tied Louisiana solar project. Companion to Beekman. H1 2027 COD. Same lender syndicate as Beekman. | |
| Dec 18 | Corporate Debt & Capital Markets | Solar+BESS | Exus Renewables North America | Santander, Barclays, ING Capital, Nomura Securities (CLAs); KeyBanc (Joint Lead Arranger) | $400M | Multi-state | Closed | $400M senior secured corporate credit facility for utility-scale solar/wind/BESS pipeline. Supports Google and Meta PPAs. CLAs: Santander, Barclays, ING Capital, Nomura Securities. Joint Lead Arranger: KeyBanc. | |
| Dec 15 | Project & Portfolio M&A | Solar+BESS | ACCIONA Energía | Mexico Infrastructure Partners | $1.00B | International | Announced | ACCIONA sells 49% of US solar portfolio (1.3 GW across TX, IL, OH) and 100% of Mexican wind assets (321 MW) to Mexico Infrastructure Partners for ~$1B. ACCIONA retains 51% controlling interest and operations management of US solar. Expected close H1 2026. | |
| Dec 15 | Corporate Debt & Capital Markets | Solar | Sol Systems | KKR Capital Markets (placement); Raymond James Renewable Energy Investments (tax equity) | $675M | IL, OH, TX | Closed | $675M revolving construction facility supports Sol Systems' clean energy pipeline. KKR Capital Markets as placement agent. First two projects total $634M of capacity. Blossom Solar (144 MWac, Ohio) is Sol Systems' first PJM utility-scale project. | |
| Dec 15 | Power Purchase & Offtake | Solar | Doral Renewables | Undisclosed leading US corporation | 270 MW | KS | Announced | 100% offtake of energy and RECs from undisclosed leading US corporation. Doral's first major Kansas project. COD targeted 2027. |
Change of Control
7 movesSteven L. Chuslo departed HA Sustainable Infrastructure Capital as Executive Vice President, Chief Legal Officer and Secretary
Chuslo transitions from EVP/CLO to Strategic Advisor at HASI effective April 17, stepping back from day-to-day legal leadership; announced in December 2025 and confirmed in the April 2026 proxy.
Terry L. Nutt named President at Talen Energy (from Chief Financial Officer, Talen Energy)
Nutt elevated from CFO to President as Talen reshuffles for the Amazon SMR/uprate buildout era. McFarland retains CEO. New employment agreements run through Feb 28, 2027 — locking the team in for the AWS data-center execution window.
Cole Muller named Chief Financial Officer at Talen Energy (from Executive Vice President, Strategic Ventures, Talen Energy)
Muller — McKinsey alum and former Navy submarine officer who led PJM Fossil and then Strategic Ventures (digital/data center contracting) — promoted to CFO as Talen leans into its digital-infrastructure deal momentum (Amazon Susquehanna PPA, SMR exploration).
Brad Berryman named Chief Operating Officer at Talen Energy (from Senior Vice President, Operations, Talen Energy)
Part of the Dec 15, 2025 Talen reshuffle that paired Nutt (President) and Muller (CFO) elevations. Berryman runs day-to-day generation operations across Talen's 8+ GW PJM fleet and Susquehanna nuclear.
Ed Casulli named Chief Nuclear Officer at Talen Energy (from SVP, Nuclear Generation, Talen Energy)
Casulli elevated to dedicated CNO role overseeing the Susquehanna nuclear plant, which underpins Talen's expanded Amazon AWS PPA and SMR exploration agreements.
Dale Lebsack named Chief Asset Development Officer at Talen Energy (from SVP, Strategy & Development, Talen Energy)
Lebsack created Chief Asset Development Officer role to lead Talen's data-center co-location and SMR project pipeline — central to its post-Amazon, post-Coreweave growth strategy.
Kelly Speakes-Backman joined as Director at Maryland Energy Administration
Maryland Gov Wes Moore tapped Speakes-Backman — former DOE EERE acting AS and former ESA CEO — to lead state energy policy. A key US-state-level appointment shifting renewables expertise into MD as PJM-area state policy diverges from federal.
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