NewQ1 2026 Clean Energy Deal Intelligence Report is live
Advisor

Lazard

Track

16

Deals Tracked

$78.94B

Deal Value

82,859MW

Total Capacity

Natural Gas

Top Technology

Deal Activity

Mar 3AdvisorPine Gate Renewables ~1 GW solar portfolio — 9 projects across NC, SC, AL, TX (bankruptcy sale)Project & Portfolio M&ASolar$285M979 MW
Jan 7AdvisorCalpine Corporation — 27 GW natural gas + geothermal fleet, creating 55 GW combined companyCorporate M&AGeothermal$26.60B27,000 MW
Oct 1AdvisorNatural gas portfolio — 2.6 GW across 7 gas plants in PJM, ISO-NE, NYISO, CAISOProject & Portfolio M&ANatural Gas$1.90B2,600 MW
Jul 17AdvisorMoxie Freedom (1,105 MW CCGT, PA) + Guernsey Power Station (1,875 MW CCGT, OH) — combined-cycle gas plants in PJMCorporate M&ANatural Gas$3.50B2,980 MW
Jan 13AdvisorDESRI 9+ GW solar and wind portfolio — 70 projects across the USStrategic & Growth CapitalSolar + Storage$1.73B9,000 MW
Sep 24AdvisorD. E. Shaw Renewable Investments (DESRI) — significant minority stake in 10+ GW solar, wind, and storage platform across 24 statesCorporate M&ASolar + Storage$1.73B10,000 MW
Aug 5AdvisorCogentrix Energy — 5,300 MW (11 natural gas plants) across PJM, ERCOT, ISO-NEProject & Portfolio M&ANatural Gas$3.00B5,300 MW
Nov 15AdvisorJupiter Power — standalone BESS operator/developer (655 MWh operating in TX + 11 GW pipeline + 340 MWh near construction)Corporate M&ABESS
Oct 7AdvisorIEA — largest US utility-scale wind + solar EPC; 260+ projectsCorporate M&ASolar + Storage$1.10B
Jun 23AdvisorPine Gate Renewables — utility-scale solar+storage developer (1+ GW operating, 20+ GW pipeline)Strategic & Growth CapitalSolar + Storage$500M
Jan 7AdvisorInvenergy — largest privately-held US developer; 175+ projects, ~25 GW operating + pipelineStrategic & Growth CapitalSolar + Storage$3.00B25,000 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
Mar 9AdvisorOncor Electric Delivery — largest TX T&D utilityCorporate M&AOther$9.45B
Aug 21AdvisorOncor Electric Delivery — largest TX electric T&D utility (~134K miles of lines, ~3.5M advanced meters, 11M Texans served)Corporate M&AOther$9.45B
Aug 18AdvisorCalpine Corporation — large IPP gas + geothermal fleetCorporate M&ANatural Gas$5.60B
Jan 25AdvisorWGL Holdings — Washington Gas Light + non-regulated power/marketing/midstreamCorporate M&ANatural Gas$8.40B

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