STATE
Clean Energy Deals in Connecticut
Every tracked clean energy deal in Connecticut since 2023 — 5 transactions, 9.8 GW of capacity, $4.08B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
5
Tracked Deals
9.8 GW
Total Capacity
$4.08B
Disclosed Value
2023–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| May 20, 2024 | Avangrid — US regulated electric/gas utility (NY/CT/ME/MA… Avangrid public minority shareholders (18.4%) → Iberdrola | 8.0 GW | ~$2.5B (€2.35B) |
| Feb 12, 2024 | Eversource 50% stake in South Fork Wind (132 MW, off Long… Eversource Energy → Global Infrastructure Partners (GIP/BlackRock) | 836 MW | $745M (revised down from $1.1B initial) |
| Mar 25, 2026 | Budderfly Energy-as-a-Service Platform — distributed sola… Budderfly → Global Infrastructure Partners (BlackRock); Vantage Infrastructure; Nuveen (Energy Infrastructure Credit) | — | $550M |
| Jan 4, 2024 | Enel Green Power NA geothermal and solar portfolio — Cove… Enel Green Power North America → Ormat Technologies | 150 MW | $271M |
| Oct 3, 2023 | Park City Wind — 804 MW offshore wind, Connecticut OREC c… Avangrid → Eversource Energy + United Illuminating (CT EDCs) | 804 MW | $16M termination fee |
Most Active Firms
Top Buyers / Financiers
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Enel Green Power North America | 1 | $271M |
| 2 | Budderfly | 1 | $550M |
| 3 | Avangrid public minority shareholders (18.4%) | 1 | $2.50B |
| 4 | Eversource Energy | 1 | $745M |
| 5 | Ørsted (operator) | 1 | $745M |
Technology Mix
Deal Type Mix
- Project & Portfolio M&A2
- Corporate Debt & Capital Markets1
- Corporate M&A1
- Power Purchase & Offtake1
Activity by Year
Recent Deals
Latest 5- Budderfly Energy-as-a-Service Platform — distributed solar PV, HVAC, LED, and…Mar 25, 2026
Corporate Debt & Capital Markets · CT · $550M
- Avangrid — US regulated electric/gas utility (NY/CT/ME/MA) + offshore wind/on…May 20, 2024
Corporate M&A · CT, MA, ME, NY · ~$2.5B (€2.35B) · 8,000 MW
- Eversource 50% stake in South Fork Wind (132 MW, off Long Island NY) + Revolu…Feb 12, 2024
Project & Portfolio M&A · CT, NY, RI · $745M (revised down from $1.1B initial) · 836 MW
- Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwat…Jan 4, 2024
Project & Portfolio M&A · CT, NV, UT · $271M · 150 MW
- Park City Wind — 804 MW offshore wind, Connecticut OREC contractsOct 3, 2023
Power Purchase & Offtake · CT · $16M termination fee · 804 MW
Recent Moves at Active Firms
All moves →Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
Alvaro Ortega joined as Vice President of Finance at AvangridJan 15, 2026
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