The Week in Deals
4 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jan 28 | Corporate Debt & Capital Markets | BESS | Jupiter Power (BlackRock) | Barclays Bank PLC, HSBC Bank USA, ING Capital LLC, Société Générale, SMBC | $500M | Multi-state | Closed | Upsized from $225M facility (Sep 2024). Green revolving loan + LC facility for BESS pipeline from California to Maine. Barclays, HSBC, ING, SocGen, SMBC as CLAs. HSBC as Admin Agent and Collateral Agent. Kirkland & Ellis (borrower), Latham & Watkins (lenders). Backed by BlackRock Diversified Infrastructure. | |
| Jan 26 | Project Finance | Solar | Catalyze | RBC Community Investments | 100 MW | Multi-state | Closed | Tax equity financing for 2026-2027 construction portfolio. Mix of community solar and C&I rooftop assets across four states. | |
| Jan 8 | Corporate M&A | Solar+BESS | Clearway Energy | — | $600M | Multi-state | Closed | Originally priced at $500M, upsized to $600M due to strong demand. Proceeds allocated to refinance revolver and fund renewable energy generation and storage asset acquisitions. Clearway's portfolio spans 11 GW+ of wind, solar, and storage across the US. | |
| Jan 8 | Project Finance | Solar | Treaty Oak Clean Energy | — | 385 MW | LA | Closed | Treaty Oak closed financing and began construction on two utility-scale solar projects totaling 385 MW in Louisiana. Represents one of the largest solar investments in Louisiana to date. |
Change of Control
1 moveGregory Beard joined as Director at DOE Office of Energy Dominance Financing
Beard leads the newly rebranded office (formerly the Loan Programs Office), which has ~$400B in lending authority. His appointment shapes the direction of federal energy project financing under the current administration.
Jan 29
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