ISO / RTO
Clean Energy Deals in SERC
Southeast — utility-driven procurement (TVA, Duke, Southern Company), fewer merchant deals, but rapidly growing standalone-storage RFP volume.
6
Tracked Deals
16.3 GW
Total Capacity
$35.38B
Disclosed Value
2024–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Feb 25, 2026 | Southern Company grid reliability program — 16 GW firm po… Georgia Power / Alabama Power (Southern Company subsidiaries) → US Department of Energy — Office of Energy Dominance Financing | 16.0 GW | $26.5B |
| Nov 25, 2024 | Project Horizon — EV manufacturing facility, Stanton Spri… Rivian New Horizon LLC → DOE Loan Programs Office | — | $6.57B |
| Dec 19, 2024 | Vertically integrated solar manufacturing facility — ingo… Hanwha Qcells Georgia (Qcells) → DOE Loan Programs Office | — | $1.45B |
| Feb 1, 2025 | $857M of Section 45X AMPCs from 2024 US solar module prod… First Solar → Undisclosed | — | $857M (at $0.955 per $1.00) |
| Apr 7, 2026 | Heelstone — Alligator Creek Solar (104 MW, Wheeler County… Heelstone Renewable Energy (a Qualitas Energy company) → Unnamed US hyperscale data center developer (long-term PPA) | 206 MW | — |
| Mar 24, 2026 | Georgia Power 2024 Distributed Generation Solar RFP — 70 … Multiple Third-Party Solar Developers (16 contracts) → Georgia Power | 70 MW | — |
Most Active Firms
Top Buyers / Financiers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | DOE Loan Programs Office | 2 | $8.02B |
| 2 | Undisclosed | 1 | $857M |
| 3 | US Department of Energy — Office of Energy Dominance Financing | 1 | $26.50B |
| 4 | Georgia Power | 1 | — |
| 5 | Unnamed US hyperscale data center developer (long-term PPA) | 1 | — |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Rivian New Horizon LLC | 1 | $6.57B |
| 2 | Hanwha Qcells Georgia (Qcells) | 1 | $1.45B |
| 3 | First Solar | 1 | $857M |
| 4 | Georgia Power / Alabama Power (Southern Company subsidiaries) | 1 | $26.50B |
| 5 | Multiple Third-Party Solar Developers (16 contracts) | 1 | — |
Top Lenders
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | DOE LPO (ATVM) | 1 | $6.57B |
| 2 | DOE LPO (Title 17) | 1 | $1.45B |
| 3 | ING Capital LLC; NORD/LB | 1 | — |
| 4 | Zions Bancorporation N.A. | 1 | — |
| 5 | Stonehenge Capital | 1 | — |
Technology Mix
Deal Type Mix
- Project Finance4
- Tax Equity & Tax Credits1
- Power Purchase & Offtake1
Activity by Year
Recent Deals
Latest 6- Heelstone — Alligator Creek Solar (104 MW, Wheeler County GA) + Murch Solar (…Apr 7, 2026
Project Finance · GA, MI · 206 MW
- Georgia Power 2024 Distributed Generation Solar RFP — 70 MW (16 contracts), s…Mar 24, 2026
Power Purchase & Offtake · GA · 70 MW
- Southern Company grid reliability program — 16 GW firm power including 5 GW n…Feb 25, 2026
Project Finance · AL, GA · $26.5B · 16,000 MW
- $857M of Section 45X AMPCs from 2024 US solar module production (Ohio + Alaba…Feb 1, 2025
Tax Equity & Tax Credits · AL, OH · $857M (at $0.955 per $1.00)
- Vertically integrated solar manufacturing facility — ingots, wafers, cells, a…Dec 19, 2024
Project Finance · GA · $1.45B
- Project Horizon — EV manufacturing facility, Stanton Springs North, GeorgiaNov 25, 2024
Project Finance · GA · $6.57B
Recent Moves at Active Firms
All moves →Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
Scott Moskowitz appointed Board Chair at SEIAJan 15, 2026
Related
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