BuyerLender / FinancierAdvisor
J.P. Morgan
Track
86
Deals Tracked
$208.22B
Deal Value
180,975.3MW
Total Capacity
6
Executive Moves
Solar + Storage
Top Technology
Deal Activity
May 13LenderFervo Energy IPO — 70,000,000 Class A shares at $27.00 (upsized from 55.6M); next-generation enhanced geothermal systems (EGS); proceeds fund the Cape Station project, Beaver County, Utah; Nasdaq: FRVOCorporate Debt & Capital MarketsGeothermal$1.89B
May 1AdvisorArcadia acquires ENGIE Impact — utility expense & data management, energy procurement, and sustainability advisory business; Washington, DC-based Arcadia carves the unit out of ENGIE to build an AI-powered energy management platformCorporate M&AOther
Apr 17LenderFervo Energy IPO (Nasdaq: FRVO) — enhanced geothermal systems pure-play; flagship 500 MW Cape Station EGS project in Beaver County, Utah; 3.65 GW disclosed pipeline (under construction / ready to build / advanced development)Corporate Debt & Capital MarketsGeothermal500 MW
Mar 19LenderCape Station Enhanced Geothermal System (EGS) — Phase 1 ~100 MW, scaling to 500 MW by early 2027, Beaver County, UtahProject FinanceGeothermal$421M500 MW
Mar 17LenderWheatland Solar — 210 MWdc / 150 MWac utility-scale solar, Knox County, IndianaProject FinanceSolar150 MW
Mar 14LenderVineyard Wind 1 — 800 MW offshore wind, offshore Massachusetts (62 turbines)Project FinanceOffshore Wind800 MW
Mar 2AdvisorAES Corporation — diversified global power company with ~35 GW of generation across US and international marketsCorporate M&ASolar + Storage$33.40B35,000 MW
Jan 12LenderThree projects totaling ~670 MW: Emerson Creek Wind (269 MW, OH), Coles Wind (300 MW, IL), Raven Storage (100 MW BESS, TX)Project FinanceSolar + Storage$2.79B670 MW
Jan 7AdvisorCalpine Corporation — 27 GW natural gas + geothermal fleet, creating 55 GW combined companyCorporate M&AGeothermal$26.60B27,000 MW
Jan 6AdvisorCordelio Power — 1,550 MW operating and in-construction wind, solar, and storage portfolio + development pipelineCorporate M&ASolar + Storage1,550 MW
Jan 2LenderSunrise Wind — 924 MW offshore wind, 84 turbines off New York + DKK 60B rights issueStrategic & Growth CapitalOffshore Wind$6.30B924 MW
Dec 17BuyerCentennial FlatsTax equity commitmentHybrid$595M767.1 MW
Nov 24AdvisorXe-100 high-temperature gas-cooled SMR fleet (80 MW per module) — 144 modules ordered to date (~11.5 GW)Strategic & Growth CapitalNuclear$700M11,500 MW
Aug 8AdvisorAES Corporation — global integrated utility (~36 GW, including significant US generation) with 11.8 GW of contracted capacity to hyperscalers (Microsoft, Google, Amazon)Corporate M&ASolar + Storage$33.40B36,000 MW
Jul 1Lender$600M credit facility (expandable to $850M) — $350M revolving loan/LC + $250M project LC facility supporting 4.7 GW operating + 1.5 GW construction solar and storageCorporate Debt & Capital MarketsSolar + Storage$600M6,200 MW
May 22LenderWheatland Solar (210 MW, Knox County, IN) + Optimist Solar+Storage (Clay County, MS)Project FinanceSolar + Storage$530M210 MW
May 18AdvisorTXNM Energy — regulated utility serving 800,000+ customers in Texas and New Mexico (PNM and TNMP subsidiaries)Corporate M&ASolar + Storage$11.50B3,000 MW
May 12AdvisorLS Power generation portfolio — 13 GW natural gas across 18 facilities in 9 states, plus CPower 6 GW VPP platformCorporate M&AOther$12.00B13,000 MW
Apr 23LenderColes Wind — 300 MW wind farm, Coles County, Illinois (PJM/MISO)Project FinanceWind$680M300 MW
Jan 15AdvisorOrigis Energy — $1B+ strategic investment in US solar and storage developer with 1 GW operating, 3 GW construction-ready, 25 GW pipelineCorporate M&ASolar + Storage$1.00B4,000 MW
Jan 8AdvisorAlgonquin renewables platform — ~1.4 GW operating + in-construction wind and solar (excluding hydro)Project & Portfolio M&ASolar + Storage$2.10B1,400 MW
Dec 16LenderProsperity Wind — 300 MW wind farm, Piatt County, Illinois (PJM)Project FinanceWind300 MW
Nov 20LenderGenerate Capital sustainable infrastructure platform — solar, BESS, EV charging, biogas, microgrid pipelineCorporate Debt & Capital MarketsSolar + Storage$1.20B
Oct 10LenderBox Canyon Solar — 300 MW utility-scale solar, ArizonaTax Equity & Tax CreditsSolar$260M300 MW
Sep 24LenderSunrun 2024-3 — $365M senior securitization of residential solar & battery systems backed by 21,281 systems across 19 states + Puerto RicoCorporate Debt & Capital MarketsSolar$365M
Sep 24LenderScatter Wash 2Construction and debt financingBESS$559M85 MW
Aug 1AdvisorAlgonquin Power renewable energy business — 3,000+ MW operating (44 assets) + 8 GW development pipelineCorporate M&ASolar + Storage$2.50B3,000 MW
Jun 25LenderSunrun residential solar + battery system leases/PPAs — record-setting senior securitizationCorporate Debt & Capital MarketsSolar + Storage$886M
Jun 15LenderEland 2 Solar+Storage (374 MW solar + 150 MW BESS, California)Project FinanceSolar + Storage$679M524 MW
May 27AdvisorAtlantica Sustainable Infrastructure — 2.2 GW renewables + 343 MW efficient gas + transmission/water assets across US, Canada, Mexico, Spain, UK, Algeria, South Africa, Uruguay, Chile, PeruCorporate M&ASolar + Storage$2.56B2,543 MW
May 24BuyerSparta SolarTax equitySolar$680M250 MW
May 23LenderØrsted solar + storage portfolio (Texas and Arizona)Tax Equity & Tax CreditsSolar + Storage$680M
May 23LenderEleven Mile Solar CenterTax equityHybrid$680M600 MW
May 6AdvisorALLETE Inc. — regulated utility with renewable, hydro, and transmission assets across Upper Midwest (Minnesota Power)Corporate M&ASolar + Storage$6.20B3,000 MW
May 1AdvisorTexas natural gas portfolio — 1,710 MW: Barney Davis (897 MW), Nueces Bay (635 MW), Laredo (178 MW)Project & Portfolio M&ANatural Gas$785M1,710 MW
Apr 12LenderRWE's first US green bonds — two tranches of $1B each (10-year and 30-year maturities) to fund US renewable energy projects across 146 solar, onshore wind, and battery storage sitesCorporate Debt & Capital MarketsSolar + Storage$2.00B
Mar 5BuyerGoleta Energy StorageTax credit transferBESS60 MW
Feb 27LenderPortfolio of 6 recently commissioned renewable projects — 950 MW solar + 353 MW wind (1.3 GW total) across ERCOT, MISO, and SPPTax Equity & Tax CreditsSolar + Storage$1.00B1,303 MW
Feb 8LenderScatter Wash Energy Storage — 255 MW / 1,020 MWh standalone BESS, Maricopa County, ArizonaProject FinanceBESS$559M255 MW
Feb 1AdvisorHarquahala Generating Station (1,092 MW, AZ) + La Paloma Generating Station (1,062 MW, CA) — natural gas fleetCorporate M&ANatural Gas$1.10B2,154 MW
Jan 24BuyerEscalante (NM)Tax equitySolar$317M200 MW
Jan 15LenderEscalante Solar (200 MWac, NM) + Golden Triangle II (150 MWac + 50 MW / 200 MWh BESS, MS)Tax Equity & Tax CreditsSolar + Storage$317M350 MW
Jan 1LenderOrion Solar Belt — 1.3 GW portfolio of 4 utility-scale solar projects (Orion I, Eiffel, Orion II, Orion III), Milam County, TX — 875 MWdc using 1.3M American-made First Solar modulesProject FinanceSolar$2.40B1,300 MW
Dec 22LenderBall Hill Wind EnergyTax equityWind107.5 MW
Dec 1LenderOrion I Solar ProjectConstruction debt and tax equitySolar200 MW
Nov 8LenderVikings Energy FarmDebt financing + ITC/PTC transferHybrid$529M286.8 MW
Nov 2AdvisorDenbury Inc. — 1,300-mile CO2 pipeline network (largest in US) + EOR oilfields in TX, LA, MSCorporate M&ACarbon Capture & DAC$4.90B
Oct 25LenderVineyard Wind 1 — 800 MW offshore wind, ~15 miles off Martha's Vineyard, MassachusettsTax Equity & Tax CreditsOffshore Wind$1.20B800 MW
Sep 28LenderResidential solar + battery system portfolio — 57,731 rooftop systems across 21 states + DC + Puerto RicoCorporate Debt & Capital MarketsSolar + Storage$968M
Jun 1LenderMoraine Sands Wind PowerConstruction loan and tax equityWind$458M171 MW
May 10LenderPivot Energy community solar + C&I portfolio — 100 MW across 35 projectsProject FinanceSolar$203M100 MW
Apr 19AdvisorInitial Devon Energy investment in Fervo Energy — geothermal technology partnershipStrategic & Growth CapitalGeothermal$10M
Mar 10AdvisorVivint Smart Home — smart home / energy services platform serving 5+ million customersCorporate M&AOther$5.20B
Oct 7AdvisorIEA — largest US utility-scale wind + solar EPC; 260+ projectsCorporate M&ASolar + Storage$1.10B
Jul 25AdvisorSunZia Transmission — 550-mile bi-directional ±525 kV HVDC transmission line, central NM to south-central AZ; 3,000 MW capacityProject & Portfolio M&AOther3,000 MW
Dec 8AdvisorSolid Power — all-solid-state battery (sulfide solid electrolyte technology); 50-75% energy density increase vs Li-ionSPAC MergerBESS$1.20B
Nov 10AdvisorEmbark Technology — autonomous trucking softwareCorporate M&AOther$4.55B
Nov 4LenderAragorn Solar ProjectPortfolio project financeSolar187.2 MW
Oct 13AdvisorBlattner Holding — leading US utility-scale renewable energy EPC (300+ wind projects 49 GW; 90+ solar projects 12 GW; 17 storage projects)Strategic AcquisitionMixed$2.70B
Sep 15LenderVineyard Wind 1 — 800 MW offshore wind, 15 mi off Martha's Vineyard MA (first commercial-scale OSW in US)Project FinanceOffshore Wind$2.30B800 MW
Aug 2LenderEdwards Sanborn Solar Storage E1AConstruction/term debt and tax equityHybrid$804M293.3 MW
Aug 2LenderEdwards Sanborn Solar Storage E1BProject finance + tax equityHybrid$804M290.4 MW
Aug 2LenderSanborn BESS 1Project finance and tax equityBESS$804M100 MW
Aug 2LenderEdwards Sanborn S1Construction and tax-equity financingHybrid$804M84.6 MW
May 27LenderAthos IIConstruction loan and tax equityHybrid602.3 MW
May 11LenderVineyard Wind 1 — 800 MW (84 turbines), 15 mi south of Martha's Vineyard MAProject FinanceOffshore Wind800 MW
Mar 24AdvisorArrival — electric vans/buses (Charlotte NC US ops)Corporate M&ABESS$5.40B
Sep 10AdvisorEmpire Wind + Beacon Wind — bp acquires 50% non-operating interest (4+ GW combined OSW potential)Project & Portfolio M&AOffshore Wind$1.10B4,400 MW
Jul 25LenderSunnova Energy IPO — residential solar + storage service provider (63K customers, 20+ states)Corporate Debt & Capital MarketsSolar$168M
Dec 31LenderNew Frontier WindTax equityWind$125M100 MW
Dec 27LenderDiamond Vista Wind ProjectTax equityWind$317M299.3 MW
Aug 31AdvisorNRG Energy renewables platform + NRG Yield Inc. (rebranded Clearway Energy Inc.) — 4.7 GW operating renewables; 45.2% economic interest in CWEN, 55% votingCorporate M&ASolar + Storage$1.35B4,700 MW
Jan 25AdvisorWGL Holdings — Washington Gas Light + non-regulated power/marketing/midstreamCorporate M&ANatural Gas$8.40B
Sep 21BuyerCimarron Bend Wind Project ITax equityWind$500M200 MW
Sep 21BuyerCimarron Bend Wind Project IITax equityWind$500M200 MW
Dec 11BuyerPalouseMajority stake saleWind105.3 MW
Jul 16LenderGoodwell Wind ProjectTax equityWind$400M200 MW
Jul 1LenderOrigin WindTax equityWind150 MW
Jul 29LenderAnacacho Wind FarmInstitutional equityWind$77M99.8 MW
Jul 15LenderBuffalo Dunes Wind ProjectTax equity / capital contributionWind$260M249.8 MW
Dec 14LenderWildcat Wind Farm ITax equityWind$175M200 MW
Nov 26LenderSettlers Trail Wind FarmEquity financingWind$122M150.4 MW
Oct 30LenderMagic Valley Wind Farm ITax equityWind$224M203 MW
Dec 1LenderCaney River Wind ProjectTax equityWind$340M200 MW
Jan 6LenderTurkey Track Wind EnergyDebt and equity financingWind169.5 MW
Oct 5LenderScurry County Wind IIConstruction loan and equityWind120 MW
Key People
Change of Control
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