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DealFlow.energy
The market, summarized. Every Monday.
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12
Deals
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16,671
MW
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6
Moves
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In this issue:
Deals (12)
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Moves (6)
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Dealflow: The Week in Deals
March 9 - 15
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Deal
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Size
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Tech
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Vineyard Wind 1 — 800 MW offshore wind, offshore Massachusetts (62 turbines)
Vineyard Wind (Avangrid; Copenhagen Infrastructure Partners) → Massachusetts utilities
Project Finance
MA
Vineyard Wind 1 completed physical construction on March 14, 2026, with installation of its final turbine — making it...
Utility Dive ↗
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800 MW
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Offshore Wind
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Swift Solar acquires Meyer Burger HJT manufacturing assets and IP — GW-scale ...
Meyer Burger (bankrupt estate) → Swift Solar
Corporate M&A
Multi-state
Swift Solar (California perovskite startup) acquires GW-scale heterojunction (HJT) silicon cell manufacturing equipme...
Swift Solar ↗
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null MW
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Solar
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Nighthawk Energy Storage — 300 MW / 1,200 MWh BESS in Poway, California
Arevon Energy → CIBC, ING, NORD/LB, Santander, Zions Bancorporation, Goldman Sachs Alternatives
Project Finance
CA · $920M
$482M debt facility (CIBC left lead arranger, ING, NORD/LB, Santander, Zions), $169M preferred equity from Goldman Sa...
PR Newswire ↗
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300 MW
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Battery Storage
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Sun Pond Solar + BESS — 111 MWdc / 85 MWac solar + 340 MWh battery storage, M...
Longroad Energy → Sprouts Farmers Market
Tax Equity & Tax Credits
AZ
Sprouts Farmers Market purchases IRA tax credits (ITC transfer under Section 6418) from Sun Pond Solar+BESS project i...
The Shelby Report ↗
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111 MW
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Hybrid
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Steel River Solar & Storage — 2,450 MWdc solar + 2,900 MWh battery storage, A...
Swift Current Energy → Cypress Creek Renewables
Project & Portfolio M&A
AR
Swift Current Energy completes sale of the 2,450 MWdc Steel River solar + 2,900 MWh storage project in Arkansas to Cy...
PR Newswire ↗
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2.5 GW
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Solar
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Gemini Solar + Storage — 690 MWac solar + 380 MW/1,400 MWh BESS, Clark County...
Primergy Solar (Quinbrook Infrastructure Partners)
Project Finance
NV · $760M
Primergy closes $600M private placement senior secured notes + $160M LC facility ($760M total) refinancing for Gemini...
PR Newswire ↗
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690 MW
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Solar + Storage
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kWh Analytics — US renewable energy MGA (managing general agent), $100M per-l...
kWh Analytics → Beazley
Corporate M&A
CA
Beazley, the specialty insurer, acquires kWh Analytics — the leading US renewable energy MGA with $100M per-location ...
Beazley ↗
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null MW
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Other
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Intersect Power platform — digital power / data center + clean energy infrast...
Greenbelt Capital Partners; TPG Rise Climate; Climate Adaptive Infrastructure (CAI) → Alphabet (Google)
Corporate M&A
Multi-state · $12B enterprise value ($4.75B cash + assumed debt)
Google closes $4.75B acquisition of Intersect Power (announced Dec 22, 2025; see ma-2025-021). Intersect continues op...
PR Newswire ↗
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10.8 GW
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Hybrid
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TAKKION — integrated renewable energy services platform (wind O&M, constructi...
Apollo Global Management → Siris Capital Group
Corporate M&A
Multi-state
Siris Capital acquires majority stake in TAKKION from Apollo funds. TAKKION is a ~2,000-person integrated renewable e...
GlobeNewswire ↗
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0 MW
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Other
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Gunnar Reliability Project — 150 MW / 300 MWh BESS in Hidalgo County, Texas
GridStor → NORD/LB, Siemens Financial Services
Project Finance
TX · $120M
$120M financing package including construction loan, tax equity bridge, and letters of credit. GridStor is backed by ...
BusinessWire ↗
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150 MW
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Battery Storage
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Cider Solar portfolio — 674 MWdc / 500 MWac utility-scale solar, Genesee Coun...
Greenbacker Renewable Energy Company (GREC) → KeyBanc Capital Markets (refinancing lead), MUFG, ING Capital, Intesa Sanpaolo, Société Générale, Wells Fargo
Project & Portfolio M&A
NY · $400M+
Greenbacker completes $400M+ in strategic portfolio refinancings, loan extensions, and construction loan upsizing on ...
GlobeNewswire ↗
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500 MW
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Solar
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Oregon Clean Energy Center — 870 MW CCGT natural gas plant, Oregon, OH
Oregon Clean Energy (Ares EIF, I Squared Capital) → Indiana Michigan Power (AEP)
Project & Portfolio M&A
OH
AEP subsidiary Indiana Michigan Power completes acquisition of 870 MW gas plant to meet rising demand. IURC and FERC ...
PR Newswire ↗
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870 MW
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Natural Gas
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View Full Database →
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Change of Control: The Week in Talent
6 notable moves
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Justin Johnson has stepped into the role of Interim Chief Executive Officer at Arevon Energy.
Steps up from COO after Kevin Smith's resignation. Arevon owns and operates ~6 GW of solar and storage across 18 states.
Press release ↗
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Kevin Smith departed Arevon Energy as Chief Executive Officer.
Smith's exit leaves a leadership gap atop one of the largest US independent solar and storage platforms (~6 GW, ~$11B invested). COO Justin Johnson has stepped in as interim CEO.
Press release ↗
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Terrell Kirk Crews II departed NextEra Energy as EVP and Chief Risk Officer.
Leaving NextEra for an undisclosed CFO role after four years overseeing finances at one of the largest US clean energy platforms.
Press release ↗
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David Foster is the new Executive Vice President and Chief Financial Officer at Eaton (from Independent Consultant, David B Foster LLC (Eaton consultant)).
Returns to Eaton after nearly three decades to lead financial strategy as the company targets 7-9% organic growth in 2026, driven by data center and grid modernization demand.
Press release ↗
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Ben Downing is the new Chief Executive Officer at Massachusetts Clean Energy Center (from Chief Growth Officer, The Engine).
Former MA state senator who authored the state's offshore wind law takes charge of MassCEC's $41M grants budget. Previously backed climatetech startups like Form Energy and Sublime Systems at MIT's The Engine.
Press release ↗
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Jennifer Gasser has joined as Partner, Energy and Infrastructure M&A at Paul Weiss (from Partner, Kirkland & Ellis).
Third Kirkland partner to defect to Paul Weiss's new Houston office, following Sean Wheeler (who advised on Marathon Oil's $22.5B sale to ConocoPhillips) and Debbie Yee (who advised on TPG Rise Climate's $2.2B acquisition of Altus Power). A striking talent raid on Kirkland's energy M&A bench.
Law firm ↗
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