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DealFlow.energy
The market, summarized. Every Monday.
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3
Deals
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2,060
MW
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13
Moves
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In this issue:
Deals (3)
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Moves (13)
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Dealflow: The Week in Deals
January 1 - 7
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Deal
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Size
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Tech
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Gulf Coast natural gas storage portfolio — 115 Bcf working capacity, 230 mile...
Hartree Partners LP affiliate → Williams Companies
Corporate M&A
LA, MS · $1.95B
Williams becomes largest Gulf Coast natural gas storage owner. Direct connections to LNG export facilities. Strategic...
Rigzone ↗
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0 MW
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Natural Gas
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Empire Wind 2 — 1,260 MW offshore wind, OCS-A 0512 lease area, off Long Islan...
Equinor + bp (Empire Wind partners) → NYSERDA (terminated)
Power Purchase & Offtake
NY · $250M EPC contract terminated
Equinor and bp mutually agreed with NYSERDA to terminate the Empire Wind 2 OREC contract. Allowed parties to seek new...
Utility Dive ↗
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1.3 GW
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Offshore Wind
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Double Black Diamond Solar (800 MWdc, Illinois)
Swift Current Energy → Multiple
Project Finance
IL · $1.22B
V&E advised Swift Current. ~$700M debt + ~$250M tax equity + ~$270M ITC transfers.
Industry Source ↗
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800 MW
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Solar
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View Full Database →
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Change of Control: The Week in Talent
13 notable moves
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Steven D. Ridge has been promoted to Executive Vice President and Chief Financial Officer at Dominion Energy.
New CFO at one of the largest US utilities, overseeing financing for Dominion's 20 GW clean power expansion plan including the Coastal Virginia Offshore Wind project.
SEC filing ↗
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Narsimha Misra is the new CEO, Energy and Energy Management North America at ENGIE North America (from Broad Reach Power).
Misra joined ENGIE through the Broad Reach Power acquisition and assumed the CEO role for the energy management business unit in North America.
Press release ↗
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Kristina Lund is the new President at Pattern Energy (from President and CEO, AES Indiana and AES Ohio, AES Corporation).
Lund joined Pattern Energy as President in late 2023, bringing 17 years of AES experience including running two state utility subsidiaries. She reports to CEO Hunter Armistead at one of the largest US wind and solar developers.
Press release ↗
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Declan Flanagan departed Ørsted as EVP and CEO, Onshore.
Flanagan, who founded Lincoln Clean Energy (acquired by Orsted for $580M in 2018), launched a new renewable energy development company. He is a serial clean energy entrepreneur who started in the industry 25 years ago with Airtricity.
Press release ↗
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Alicia Barton is the new Chief Executive Officer at Vineyard Offshore (from Chief Executive Officer, FirstLight Power).
Barton succeeded Lars Pedersen at the 6+ GW offshore wind developer (Avangrid/CIP JV). She previously led Massachusetts Clean Energy Center and NYSERDA, making her instrumental in the policy foundations for US offshore wind.
Press release ↗
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Joshua Dale is the new Managing Director, Head of Energy Transition Coverage, North America at Rabobank (from Senior Director, Project Finance, MUFG).
Key hire as Rabobank built out its North American energy transition team. Dale brings 20 years of financial services experience with 14 years in project finance.
Press release ↗
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Jon Castaldo is the new Managing Director, Energy Transition Coverage, North America at Rabobank (from Managing Director, Energy & Infrastructure, Crédit Agricole CIB).
Hired alongside Joshua Dale as Rabobank scaled its energy transition coverage to 30 professionals. Castaldo brings 20+ years across corporate finance, structured credit, project finance, and tax equity.
Press release ↗
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Rubiao Song has been promoted to Head of Energy Investments at J.P. Morgan.
Song leads JPMorgan's energy investment team, which deploys $5-6B annually in tax equity for utility-scale wind, solar, and geothermal projects. JPMorgan has invested $40B+ in renewable tax equity since 2003.
Press release ↗
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Joel Spenadel has been promoted to Managing Director, Renewable Energy Tax Equity at J.P. Morgan.
Promoted to Managing Director in JPMorgan's renewable energy tax equity group, which has raised $40B+ for US renewable projects since 2003.
Press release ↗
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Sandhya Ganapathy was appointed Board of Directors Member at ACORE.
EDPR NA CEO Ganapathy joined the ACORE board, reflecting the growing influence of EDP Renewables in US clean energy policy advocacy.
Press release ↗
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Jim Murphy was appointed Chair of the Board at ACP Clean Power Institute.
Invenergy co-founder and President Murphy was named Chair of ACP's Clean Power Institute, the workforce development arm of the clean energy trade association.
Trade assoc. ↗
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Frances A. Resheske was appointed Board of Directors Member at Onward Energy.
Veteran executive with experience in strategic corporate affairs and regulatory issues appointed to the Onward Energy board.
Press release ↗
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Nina Fahy is the new Executive Director, Senior Energy Transition Analyst, RaboResearch at Rabobank (from Senior Energy Analyst, Wood Mackenzie).
Part of Rabobank's new RaboResearch energy transition research capability. Fahy brings 15 years of experience leading research and analytics teams focused on North American energy markets.
Press release ↗
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View All Moves →
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