The Week in Deals
3 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| May 4 | Virtual PPA (corporate REC offtake) | Solar | EDP Renewables North America | Meta Platforms | 250 MW | AR | Signed | Meta and EDP Renewables North America (EDPR NA) signed a long-term PPA for the 250 MW Cypress Knee Solar project in Chicot County, Arkansas. This is Meta's third energy agreement with EDPR NA, lifting combined procured capacity to 545 MW. Sandhya Ganapathy, CEO of EDPR NA, framed the deal as part of broader work to power a reliable, modern US grid; Amanda Yang, Meta's Head of Clean and Renewable Energy, highlighted local job creation. Construction targeted 2028 COD. | |
| May 4 | Asset acquisition (services) | Other | Roberson Waite Electric | SOLV Energy | — | CA | Announced | SOLV Energy (Nasdaq: MWH), the largest US utility-scale solar EPC, announced an agreement to acquire family-owned California substation contractor Roberson Waite Electric. CEO George Hershman framed the deal as advancing SOLV's diversified energy and infrastructure services platform to serve utility lifecycle work from construction through long-term operation — a clear pivot beyond pure solar EPC into substation/grid services as utility capex accelerates. | |
| May 4 | Asset acquisition (operating) | Solar | The Avidan Group | Aspen Power | 6.44 MW | NJ | Closed | Aspen Power acquired two operating rooftop solar PV systems totaling 6.44 MWdc from multigenerational New Jersey real estate developer The Avidan Group. The assets are part of the PSE&G Solar Loan Program, have run for >10 years, and produce ~7M kWh/yr. Jeff Martin, VP, Acquisitions and Structuring at Aspen Power, framed the acquisition as part of Aspen’s strategy of stepping in as a long-term DG owner so commercial real-estate sellers can exit solar ownership and refocus capital. Closes the same week Aspen announced its CEO transition to Michael Sheehan. |
Change of Control
8 movesAlessandro Lagi joined as Chief Financial Officer at Eos Energy Enterprises (from Head of Global FP&A and Growth Finance, Johnson Controls)
Eos hires Lagi (ex-Johnson Controls Global FP&A; previously Baker Hughes Oilfield Equipment Global CFO) as permanent CFO with $470K base, $2M sign-on RSU, and $1M annual LTI target. Replaces interim CFO Nathan Kroeker, who returns full-time to Chief Commercial Officer — a signal Eos is professionalizing finance as it ramps zinc-battery manufacturing at scale.
Robert Gaudette promoted to President and Chief Executive Officer at NRG Energy, Inc. (from President (since January 6, 2026); EVP & President of NRG Business and Wholesale Operations (2024–2026), NRG Energy, Inc.)
Gaudette steps in as permanent CEO of NRG Energy on April 30, 2026, completing the succession plan announced January 6 that promoted him from EVP / President of NRG Business and Wholesale Operations (a 25-year NRG veteran) into the top job. Lawrence Coben transitions out after a decade-plus chair-CEO run; Gaudette's compensation package (base $1.2M, 125% target STI, 825% LTI multiple for 2027, plus a $5.07M FY26 RPSU grant) signals the board's aggressive pay-for-performance posture as NRG navigates record load growth, gas margin tailwinds, and integration of the Vivint Smart Home and Vistra-era retail assets.
David E. Mills promoted to President and Chief Executive Officer at PJM Interconnection (from Interim President and CEO; Board Chair, PJM Interconnection)
Mills becomes PJM's fifth permanent CEO after serving as interim chief since January, taking over the largest US grid operator (67M customers across 13 states + DC) amid an unprecedented interconnection queue surge driven by AI data center load and contentious capacity market reform.
Emily A. Jamieson joined as Chief Financial Officer and Internal Control Officer at NYSERDA (from Chief Financial Officer, New York State Environmental Facilities Corporation)
Jamieson moves from EFC's green-infrastructure financing helm to take CFO at NYSERDA, the lead state authority deploying NY's clean-energy budget under the CLCPA's 70-by-30 mandate. Pending Governor's office approval.
Kathleen M. O'Brien-NeJame joined as General Counsel and Secretary at NYSERDA (from Deputy Counsel, New York State Office of the State Comptroller)
O'Brien-NeJame becomes NYSERDA's chief legal officer and Authority Secretary just as the agency contends with NY's contested transmission permitting reforms and Tier 4 solicitation activity. Pending Governor's office approval.
Paula Conboy promoted to Board Chair-elect at PJM Interconnection (from Board Member, PJM Interconnection)
Conboy ascends to PJM Board Chair-elect (formal election at the May 15 Annual Meeting) as Mills moves to permanent CEO — providing governance continuity at the largest US RTO during a period of capacity market reform and data-center-driven load growth.
Charlie Wickersham joined as Senior Vice President of Technology at Array Technologies (from Head of Solar Module Development, First Solar)
Wickersham brings nearly 15 years from First Solar — where he led module development for the largest US-headquartered PV manufacturer — to lead Array Technologies' tracker and SmartTrack software roadmap. The hire signals an OEM-to-OEM talent flow as the tracker market consolidates.
Scott Garten joined as Senior Vice President, Safety, Operations, and Workforce Institute at American Clean Power Association (from Vice President, Product Management, Global Industry Services, American Petroleum Institute)
ACP hires a long-time API leader to launch its newly created Safety, Operations, and Workforce Institute (SOW) — a notable cross-association move from oil & gas to clean energy advocacy as utility-scale wind, solar, and storage account for the bulk of new US electricity capacity additions.
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