Madison Energy Investments — distributed solar + storage platform for C&I (HQ Vienna VA)

AES Corporation — diversified global power company with ~35 GW of generation across US and international markets

AES Corporation (NYSE: AES) → Global Infrastructure Partners, EQT Infrastructure VI, CalPERS, Qatar Investment Authority

$33.4B enterprise value ($10.7B equity at $15/share)

AES Corporation — global integrated utility (~36 GW, including significant US generation) with 11.8 GW of contracted capacity to hyperscalers (Microsoft, Google, Amazon)

AES Corporation public shareholders → Global Infrastructure Partners, EQT Infrastructure VI, CalPERS, Qatar Investment Authority

$33.4B EV / $10.7B equity

Madison Energy Investments — 386 MW operating + significant pipeline of distributed solar + storage (C&I/community)

Stonepeak Partners affiliates → EQT Infrastructure VI

Undisclosed (multi-hundred million)

Arena Renewables — distributed-generation solar + BESS developer with ~1 GW US pipeline; founded July 2023; existing leadership team retained post-close

Arena Renewables (founders / management) → Headwater Energy

BrightNight–Cordelio Power JV portfolio buyout — 6 GW of development-stage solar + BESS projects across Western US transferred to BrightNight (out of original 15 GW JV); JV retains 4 assets — Box Canyon (300 MW solar, AZ, operating), Greenwater (200 MW / 800 MWh BESS, WA, construction), Pioneer (300 MW solar + 300 MW / 1,200 MWh BESS, AZ, construction), Biglow 1 (125 MW solar + 125 MW / 600 MWh BESS, fully contracted)

Cordelio Power → BrightNight

FH Capital acquires 75.1% controlling stake in Jinko Solar (U.S.) Industries Inc. — 2 GW solar module manufacturing facility in Jacksonville, Florida (AllianceFlorida at Cecil Commerce Center, ~650 employees) plus a growing US BESS manufacturing line. JinkoSolar Holding retains 24.9%.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) → FH Capital

$191M (per Nikkei Asia)