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DealFlow.energy
The market, summarized. Every Monday.
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📊Deals This Week
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9 deals · $1.3B · 9.3 GW |
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May 27 - June 2
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Deal
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Size
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Tech
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Corsac Station Enhanced Geothermal — 115 MW EGS, Nevada (powering Storey Coun...
Fervo Energy → Google (via NV Energy Clean Transition Tariff)
Power Purchase & Offtake
NV
First-ever utility 'Clean Transition Tariff' (CTT) structure approved by Nevada Public Utilities Commission. Google p...
Utility Dive ↗
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115 MW
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Geothermal
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Up to 4.5 GW solar + battery energy storage portfolio across Arkansas, Louisi...
NextEra Energy Resources → Entergy
Power Purchase & Offtake
AR, LA, MS, TX
Largest US utility-IPP renewables development deal of 2024. 5-year development partnership. Addresses ~6.2 GW load gr...
NextEra Energy ↗
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4.5 GW
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Solar + Storage
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PNE USA / Allium Renewable Energy — 877 MW commercialized + 3+ GW US wind/sol...
PNE AG (Germany) → Lotus Infrastructure Partners
Corporate M&A
Multi-state · Undisclosed (~$200M+ est.)
Lotus Infrastructure acquires PNE USA from German parent, rebrands as Allium Renewable Energy. Adds wind/solar/storag...
Lotus Infrastructure ↗
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3.0 GW
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Solar + Storage
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Green River Energy Center (400 MW solar + 400 MW / 1,600 MWh BESS, Utah)
rPlus Energies → CACIB and others
Project Finance
UT · $1.1B
NRF as developer counsel, Winston & Strawn as lender counsel. PFI Americas Renewables Deal of the Year 2024.
Industry Source ↗
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400 MW
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Solar + Storage
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791 MW wind and solar portfolio — 4 projects in Ohio, Arkansas, and Texas
Invenergy → Meta
Power Purchase & Offtake
AR, OH, TX
Two solar projects in Ohio, one in Arkansas (COD 2027), one Texas wind project (COD 2028). Expands Meta/Invenergy tot...
Construction Review Online ↗
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791 MW
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Solar
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Cypress Creek NC Cluster — 5x QF awards from 2023 Solar Procurement (post-set...
Cypress Creek Renewables → Duke Energy Progress, LLC
Utility PPA
NC
Post-settlement Duke-Cypress Creek/Strata interconnection agreement. Estimated price 2024 vintage — bridge between $3...
Climate Impact Capital ↗
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200 MW
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Solar
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Border Energy Center
Middle River Power → San Diego Community Power
Energy storage tolling agreement
CA
San Diego Community Power's board approved a 15-year financially settled toll and energy storage agreement for the Bo...
Energy-Storage.news ↗
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54.1 MW
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BESS
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Enterprise BESS
Middle River Power → San Diego Community Power
Energy storage tolling agreement
CA
San Diego Community Power's board approved a 15-year financially settled toll and energy storage agreement for the En...
Energy-Storage.news ↗
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54.1 MW
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BESS
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Crooked Lake Solar
Acadian Renewable Energy → EDP Renewables
Project acquisition
AR
EDP Renewables North America acquired the Crooked Lake Solar project in late 2021 from Acadian Renewable Energy, a jo...
EDP Renewables press release ↗
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175 MW
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Solar
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View Full Database →
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👥Change of Control
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5 executive moves |
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5 notable moves this week.
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Stephen Gallagher has been promoted to Chief Executive Officer at Brookfield Renewable U.S. (from Chief Commercial Officer, Brookfield Renewable U.S.).
Gallagher was promoted to lead Brookfield Renewable's US operations (60,000+ MW pipeline) after serving as Chief Commercial Officer. He has been with Brookfield Renewable since 2017.
Press release ↗
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Neil Manning has been promoted to President and Chief Operating Officer at Array Technologies (from Chief Operations Officer, Array Technologies).
Manning elevated to President & COO at the leading solar tracker manufacturer, consolidating operational leadership under CEO Kevin Hostetler.
Press release ↗
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Hans Martin Smith departed Vestas Wind Systems as Chief Financial Officer.
Smith departed after 20+ years at Vestas, having served as CFO since March 2022. His departure added to an unusual period of board and executive turnover at the world's largest wind turbine manufacturer.
Press release ↗
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Daniel Katz has been promoted to Head of Portfolio Management, Infrastructure Debt at Ares Management (from Partner, U.S. Direct Lending, Ares Management).
Internal promotion to head portfolio management for Ares' $11B infrastructure debt platform. Ares has been one of the most active infrastructure investors in US clean energy, including a 2.7 GW ENGIE portfolio deal.
Press release ↗
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Robert Keepers is the new Head of Climate Tech at J.P. Morgan (from Managing Director, Renewable Energy Group, Corporate Client Banking & Specialized Industries, JPMorgan Chase).
Named Head of Climate Tech at JPMorgan, bringing two decades of finance and banking experience along with deep energy industry expertise. Reflects JPMorgan's growing commitment to climate-related investing.
Press release ↗
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View All Moves →
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