Lender / FinancierLegal Counsel
Latham & Watkins
Track
62
Deals Tracked
$174.49B
Deal Value
155,229MW
Total Capacity
7
Executive Moves
Solar + Storage
Top Technology
Deal Activity
May 8CounselFH 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%.Corporate M&ASolar$191M
Apr 6CounselEnergySolutions (nuclear services — waste management, transportation, processing, recycling) — acquisition by ECP from TriArtisan Capital, ~$2BCorporate M&ANuclear$2.00B
Mar 17CounselWheatland Solar — 210 MWdc / 150 MWac utility-scale solar, Knox County, IndianaProject FinanceSolar150 MW
Mar 11CounselNighthawk Energy Storage — 300 MW / 1,200 MWh BESS in Poway, CaliforniaProject FinanceBESS$920M300 MW
Mar 10CounselGemini Solar + Storage — refinancing of 690 MW solar + 380 MW/1,400 MWh storage in Clark County, NevadaProject FinanceSolar + Storage$760M690 MW
Mar 3CounselPine Gate Renewables ~1 GW solar portfolio — 9 projects across NC, SC, AL, TX (bankruptcy sale)Project & Portfolio M&ASolar$285M979 MW
Feb 28CounselBig Muddy Solar — 124 MW, Jackson County, ILProject FinanceSolar$183M124 MW
Feb 3CounselConstruction warehouse revolving credit facility for Aypa Power's utility-scale energy storage and hybrid renewable pipelineProject FinanceSolar + Storage$1.50B
Jan 28CounselSenior Secured Green Revolving Loan and LC Facility supporting 12+ GW BESS development pipeline, ~8,000 MWh under construction/contractCorporate Debt & Capital MarketsBESS$500M
Jan 20Counsel214 MW distributed solar portfolio — 106 projectsProject FinanceSolar$355M214 MW
Jan 12CounselThree 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 8CounselBeekman Solar (Morehouse Parish, LA) + Hollis Creek Solar (Sabine Parish, LA) — 385 MW solar projectsProject FinanceSolar385 MW
Jan 7CounselCalpine Corporation — 27 GW natural gas + geothermal fleet, creating 55 GW combined companyCorporate M&AGeothermal$26.60B27,000 MW
Jan 5CounselCogentrix Energy — 10 natural gas generation facilities, 5,500 MW CCGT and CT fleetCorporate M&ANatural Gas$4.00B5,500 MW
Dec 18CounselExus 700 MW operating/under-construction + 4.5 GW active development pipeline (Google + Meta PPAs)Corporate Debt & Capital MarketsSolar + Storage$400M5,200 MW
Nov 24CounselXe-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
Oct 1CounselNatural gas portfolio — 2.6 GW across 7 gas plants in PJM, ISO-NE, NYISO, CAISOProject & Portfolio M&ANatural Gas$1.90B2,600 MW
Jul 22CounselFrye Solar (632 MW TX) + Jicarilla Solar (125 MW NM) + 20 MW co-located BESS — Repsol US operating renewables (46.3% stake)Project & Portfolio M&ASolar + Storage$340M777 MW
Jul 1Counsel$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
Apr 16CounselAltus Power — largest US owner/operator of commercial-scale solar with 1+ GW operating across 28 statesCorporate M&ASolar$2.20B1,000 MW
Mar 18CounselTibbits BESS (Michigan) + Tidwell Prairie BESS (Texas) — 300 MW / 800 MWh total, two standalone BESSProject FinanceBESS$286M300 MW
Mar 18CounselMiddle River Power — 11 gas plants in California (9 peakers, 2 CCGTs) plus operating companyCorporate M&AOther$2.20B1,900 MW
Feb 12CounselPeregrine Energy Storage — 200 MW / 400 MWh standalone BESS, Barrio Logan, San Diego, California (CAISO)Project FinanceBESS$258M200 MW
Jan 15CounselOrigis 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 10CounselCalpine Corporation — largest US power generator with ~26 GW of natural gas + geothermal (725 MW The Geysers, CA) capacity across 80 facilitiesCorporate M&ANuclear$26.60B26,000 MW
Oct 16CounselX-Energy Xe-100 high-temperature gas-cooled SMR (80 MW per module) — supports planned 5+ GW US deployment by 2039 (incl. 320 MW Cascade Energy Northwest project, WA)Strategic & Growth CapitalNuclear$500M5,000 MW
Aug 5CounselCogentrix Energy — 5,300 MW (11 natural gas plants) across PJM, ERCOT, ISO-NEProject & Portfolio M&ANatural Gas$3.00B5,300 MW
May 27CounselAtlantica 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 23CounselØrsted solar + storage portfolio (Texas and Arizona)Tax Equity & Tax CreditsSolar + Storage$680M
May 20CounselAvangrid — US regulated electric/gas utility (NY/CT/ME/MA) + offshore wind/onshore renewablesCorporate M&ASolar + Storage$2.50B8,000 MW
May 6CounselALLETE Inc. — regulated utility with renewable, hydro, and transmission assets across Upper Midwest (Minnesota Power)Corporate M&ASolar + Storage$6.20B3,000 MW
Mar 11CounselAsh Creek Solar (408 MWac, Hill County, Texas)Project FinanceSolar + Storage$588M408 MW
Mar 1CounselEnergy Harbor — ~4,000 MW nuclear fleet + retail electricity business, creating Vistra VisionCorporate M&ANuclear$6.80B4,000 MW
Jan 8CounselTriple Oak Power — 8 GW onshore wind development platform focused on central and western US marketsCorporate M&AWind$500M8,000 MW
Jan 1CounselOrion 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
Aug 30CounselOrigis Energy construction warehouse facility — funds ~2 GW solar+storage development across 15 states over 3 yearsCorporate Debt & Capital MarketsSolar + Storage$750M2,000 MW
Aug 15CounselCarbon Engineering — DAC technology developer (powering 1PointFive's STRATOS facility); patents and Squamish, BC innovation centerCorporate M&ACarbon Capture & DAC$1.10B
May 24CounselBloom Energy 3.00% green convertible senior notes due 2028Corporate Debt & Capital MarketsHydrogen & Fuel Cells$633M
Mar 10CounselVivint Smart Home — smart home / energy services platform serving 5+ million customersCorporate M&AOther$5.20B
Mar 1CounselCon Edison Clean Energy Businesses — 8 GW operating renewable portfolio + 24 GW development pipelineCorporate M&ASolar + Storage$6.80B8,000 MW
Feb 28CounselCatalyze — 600 MW C&I distributed solar + battery storage pipeline across 30 US statesStrategic & Growth CapitalSolar + Storage$300M600 MW
Dec 6CounselX-Energy Xe-100 SMR + TRISO fuel technologyCorporate M&ANuclear$2.00B
Oct 12CounselGreat River Hydro — 13 hydropower stations / 589 MW on Connecticut + Deerfield Rivers (VT, NH, MA)Project & Portfolio M&AOther$2.00B589 MW
Oct 1CounselCon Edison Clean Energy Businesses — 3 GW operating + 7 GW pipeline US renewables (largely solar in CA/TX)Corporate M&ASolar$6.80B3,000 MW
Sep 12CounselClearway Energy Group — 50% equity stake (5th largest US renewable energy player; 7.7 GW operating + 25 GW pipeline)Corporate M&ASolar + Storage$1.60B7,700 MW
May 17CounselAvangrid — multi-GW transmission, renewables, offshore wind, and regulated utility holdings (NY/CT/ME/MA)Corporate M&ASolar + Storage$2.60B
May 3CounselOrigis Energy corporate credit facility — solar + energy storage development pipeline (20+ GW utility + DG)Corporate Debt & Capital MarketsSolar + Storage$375M
Feb 10CounselSunPower Commercial & Industrial Solutions division — C&I solar; ~100 MW/year capacityCorporate M&ASolar$250M100 MW
Nov 10CounselEmbark Technology — autonomous trucking softwareCorporate M&AOther$4.55B
Oct 17LenderOrigis Energy — US utility-scale solar + storage IPP/developer (multi-GW pipeline)Platform AcquisitionSolar
Oct 13CounselBlattner 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
Oct 1CounselWallbox — global EV charging hardware + softwareCorporate M&AOther$1.50B
Jul 21CounselFaraday Future — luxury EV (FF 91)Corporate M&ABESS$3.40B
Jul 9CounselSunlight Financial — residential solar/home improvement point-of-sale financing platformSPAC MergerSolar$1.30B
Jun 14CounselProterra — EV transit/school buses + commercial battery systemsCorporate M&ABESS$1.60B
Dec 29CounselRomeo Power — EV battery technologyCorporate M&ABESS$900M
Oct 21CounselPNM Resources — regulated utility serving NM/TX (~525K customers)Corporate M&AOther$4.32B
Oct 1CounselPNM Resources / Public Service Company of New Mexico — NM regulated utility (~525,000 customers)Utility MergerMixed$4.30B
Sep 24CounselCheniere Energy Partners 41% interest (LNG)Corporate M&ANatural Gas$7.00B
Jul 24CounselDirect Energy — 3M+ retail customers, 50 states + CanadaCorporate M&AOther$3.63B
Oct 8CounselGE Capital Energy Financial Services portfolio — ~20 equity investments (renewables, gas, midstream)Corporate M&ASolar + Storage$1.00B
Aug 18CounselCalpine Corporation — large IPP gas + geothermal fleetCorporate M&ANatural Gas$5.60B
Key People
CH
Chris Heasley
Partner, Energy M&A
54
deals
CH
Christopher Heasley
Partner, Energy & Infrastructure M&A and Private Equity, Houston
53
deals
PRC
Pedro Rufino Carvalho
Partner, Project Development & Finance and Latin America Practices
38
deals
DS
Daniel Sinaiko
Partner, Project Development & Finance Practice
31
deals
JK
Jonathan Katz
Partner, Project Development & Finance Practice
30
deals
SC
Scott Cockerham
Partner, Transactional Tax (Energy)
27
deals
JS
John Stavinoha
Partner, M&A and Private Equity (Energy)
17
deals
MK
Max Klupchak
Partner, M&A and Private Equity, Houston
16
deals
Change of Control
5 joined2 departed
Sep 1New Hire
Jonathan Katz→ Partner, Project Development & Finance Practice
from King & SpaldingSource →Apr 8New Hire
Daniel Sinaiko→ Partner, Project Development & Finance Practice
from Allen & OverySource →Track Latham & Watkins and 100+ firms
Free weekly clean energy deal intelligence. Every Monday.