The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jan 13, 26 | Power Purchase & Offtake | Solar | Lightsource bp | Toyota Motor North America | 231 MW | TX | Contracted | 15-year fixed-rate VPPA enabling Toyota to match >20% of its North American purchased electricity with renewables. Jones City 2 is part of the larger 700 MW Jones City Energy Center (including Jones City 1 and planned storage) in Jones County, TX. Construction began spring 2025; ~500 local jobs during construction; projected $86M lifetime property tax contribution to Jones County. Developed by Lightsource bp. | |
| Dec 15, 25 | Power Purchase & Offtake | Solar+BESS | Clearway Energy Group | $2.40B | Multi-state | Announced | Portfolio of 3 PPAs: Goat Mountain Repower (TX, 15-yr, wind repower targeting 2027 COD, ~$200M investment), Swan Solar (MO, 20-yr, solar targeting 2028 COD, ~$215M investment), Catamount Wind (WV, 20-yr, wind targeting 2028 COD, ~$155M investment). Builds on existing 71.5 MW PPA in WV, bringing total partnership to 1.24 GW. |
Change of Control
6 movesJim Adams joined as Global Director for Advisory and Analytics at Natural Power
Part of a strategic realignment at the leading global renewable energy consultancy, restructuring North American leadership.
Brendan Scollans joined as Head of North America Investment at Morrison (infrastructure investment manager) (from Co-Head, Data Infrastructure, GI Partners)
Scollans brings 30 years of infrastructure investing experience from EQT and GI Partners to Morrison's expanding North America platform, replacing Perry Offutt who moved to global Head of Capital Formation. His hire reinforces Morrison's push into North American clean infrastructure deployment across digital, energy, and transport.
Dr. Ingmar Ritzenhofen appointed Vice Chair at SEIA (from Chief Commercial Officer, RWE Clean Energy)
RWE's Chief Commercial Officer taking the SEIA Vice Chair role reflects the company's growing US market presence.
Scott Moskowitz appointed Board Chair at SEIA (from Qcells)
Elected in a special election following Van't Hof's move to the interim CEO role.
Alvaro Ortega joined as Vice President of Finance at Avangrid (from Chief Financial Officer, Vineyard Wind)
Ortega brings offshore wind finance experience from his role as CFO of Vineyard Wind, the first commercial-scale offshore wind farm in the US. At Avangrid he takes on responsibility for Risk and Investor Relations.
Kelvin Henderson promoted to SVP, Chief Generation Officer and Enterprise Operational Excellence at Duke Energy
Henderson succeeds retiring EVP Preston Gillespie (40-year veteran). With 35+ years of nuclear experience, he joins Duke's senior management committee as the company evaluates new nuclear buildout alongside its large-scale renewables expansion.
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