NewQ1 2026 Clean Energy Deal Intelligence Report is live
Lender / FinancierAdvisor

Royal Bank of Canada

Track

30

Deals Tracked

$76.66B

Deal Value

18,561MW

Total Capacity

Solar

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
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
Apr 8LenderChalan Solar + Storage — 65 MWac solar + 25 MW / 100 MWh BESS, Kern County, CaliforniaTax Equity & Tax CreditsSolar + Storage$118M90 MW
Apr 6AdvisorEnergySolutions (nuclear services — waste management, transportation, processing, recycling) — acquisition by ECP from TriArtisan Capital, ~$2BCorporate M&ANuclear$2.00B
Mar 19LenderCape Station Enhanced Geothermal System (EGS) — Phase 1 ~100 MW, scaling to 500 MW by early 2027, Beaver County, UtahProject FinanceGeothermal$421M500 MW
Jan 26Lender100 MW distributed solar — 18 projects (NY, IL, CA, VA)Project FinanceSolar100 MW
Dec 3LenderGreenwater BESSProject financeBESS$400M200 MW
Nov 4LenderPioneer Clean Energy Center — 300 MWac solar + 300 MW / 1,200 MWh BESS, Yuma, ArizonaProject FinanceSolar + Storage300 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
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
Feb 10LenderShow Me State SolarConstruction financingSolar$500M250 MW
Dec 1LenderPediment BESS — 250 MW / 1,000 MWh standalone battery energy storage, Mesa, ArizonaProject FinanceBESS$398M250 MW
Nov 20LenderGenerate Capital sustainable infrastructure platform — solar, BESS, EV charging, biogas, microgrid pipelineCorporate Debt & Capital MarketsSolar + Storage$1.20B
Oct 1AdvisorPublic Service Co. of North Carolina (PSNC Energy) — natural gas distribution utility serving ~600,000 customers in North CarolinaCorporate M&AOther$14.00B
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
Jun 25LenderSunrun residential solar + battery system leases/PPAs — record-setting senior securitizationCorporate Debt & Capital MarketsSolar + Storage$886M
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 7AdvisorEast Ohio Gas (rebranded Enbridge Gas Ohio) — natural gas distribution utility serving ~1M customers in OhioCorporate M&AOther$6.60B
Mar 1AdvisorEnergy Harbor — ~4,000 MW nuclear fleet + retail electricity business, creating Vistra VisionCorporate M&ANuclear$6.80B4,000 MW
Dec 27LenderSunZia Wind (3,515 MW) + SunZia Transmission (550-mile HVDC, 3,000 MW capacity) — largest clean energy infrastructure project in US historyProject FinanceWind$11.00B3,515 MW
Oct 23LenderElizabeth Solar PlantProject financing and tax equitySolar$252M142.8 MW
Dec 23LenderSunrun 335 MW residential solar lease+PPA portfolioProject FinanceSolar$835M335 MW
Aug 5LenderMosaic Solar Loan Trust 2022-2 — residential solar+battery loan ABSProject FinanceSolar$244M
Jun 1LenderMulligan SolarTax equity and construction loanSolar70 MW
Sep 29LenderMosaic Solar Loans 2021-3 — $221M residential solar loan ABS (21 unique investors)SecuritizationSolar$221M
Dec 19LenderFoard City WindConstruction debt and tax equityWind$291M352.8 MW
Oct 8LenderGE Capital Energy Financial Services portfolio — ~20 equity investments (renewables, gas, midstream)Corporate M&ASolar + Storage$1.00B
Aug 21LenderOncor Electric Delivery — largest TX electric T&D utility (~134K miles of lines, ~3.5M advanced meters, 11M Texans served)Corporate M&AOther$9.45B
Oct 12LenderOcotillo Express WindConstruction loanWind265.4 MW

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