NewQ1 2026 Clean Energy Deal Intelligence Report is live
BuyerSellerDeveloper

NRG Energy

Track

20

Deals Tracked

$26.86B

Deal Value

21,495.7MW

Total Capacity

Solar

Top Technology

Deal Activity

May 12BuyerLS 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
Mar 12Buyer6 natural gas generation facilities — 738 MW total capacityProject & Portfolio M&ANatural Gas$560M738 MW
Jan 14DeveloperIvanpah 3PPA termination agreementSolar133.4 MW
Nov 1Seller44% ownership stake in South Texas Project (STP) — 2,645 MW dual-unit nuclear plant, Bay City, Texas (ERCOT)Project & Portfolio M&ANuclear$1.75B1,100 MW
Mar 10BuyerVivint Smart Home — smart home / energy services platform serving 5+ million customersCorporate M&AOther$5.20B
Jul 24DeveloperDirect Energy — 3M+ retail customers, 50 states + CanadaCorporate M&AOther$3.63B
Aug 31SellerNRG 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
Nov 28BuyerBuckthorn WestexBankruptcy portfolio acquisitionSolar$183M154 MW
Sep 12BuyerEnterprise SolarPortfolio acquisitionSolar$183M80 MW
Sep 12BuyerEscalante Solar IPortfolio acquisitionSolar$183M80 MW
Sep 12BuyerEscalante Solar IIPortfolio acquisitionSolar$183M80 MW
Sep 12BuyerEscalante Solar IIIPortfolio acquisitionSolar$183M80 MW
Mar 31SellerHigh Lonesome MesaProject acquisitionWind100 MW
Sep 18SellerElbow Creek Wind ProjectPortfolio drop-downWind$210M121.9 MW
Dec 19SellerStorm Lake 1Project acquisitionWind$15M113.9 MW
Feb 1DeveloperAlpine SolarUtility PPASolar66 MW
Oct 5BuyerCalifornia Valley Solar RanchProject acquisitionSolar249.8 MW
Sep 30DeveloperCalifornia Valley Solar RanchDOE loan guaranteeSolar$1.24B249.8 MW
Aug 5BuyerAgua Caliente Solar ProjectProject acquisitionSolar347.7 MW
Jun 16BuyerSouth Trent Wind FarmProject acquisitionWind101.2 MW

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