STATE
Clean Energy Deals in Delaware
Every tracked clean energy deal in Delaware since 2023 — 4 transactions, 4.6 GW of capacity, $5.36B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
4
Tracked Deals
4.6 GW
Total Capacity
$5.36B
Disclosed Value
2020–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Mar 18, 2026 | Constellation PJM natural gas generation portfolio — 4.4 … Constellation Energy → LS Power | 4.4 GW | $5B |
| Jun 17, 2025 | 112 MWdc portfolio of 28 community solar projects across … Dimension Energy → First Citizens Bank, ING, MUFG, National Bank of Canada, Siemens, Cadence, Comerica, Advantage Capital | 112 MW | $360M |
| Dec 8, 2020 | ENGIE Solidago Solar Project - ENGIE → Amazon | 62.5 MW | — |
| Aug 19, 2021 | Raceway Solar Freepoint Solar → City of Dover | 25 MW | — |
Most Active Firms
Top Buyers / Financiers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | First Citizens Bank, ING, MUFG, National Bank of Canada, Siemens, Cadence, Comerica, Advantage Capital | 1 | $360M |
| 2 | LS Power | 1 | $5.00B |
| 3 | Amazon | 1 | — |
| 4 | City of Dover | 1 | — |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Dimension Energy | 1 | $360M |
| 2 | Constellation Energy | 1 | $5.00B |
| 3 | ENGIE | 1 | — |
| 4 | Freepoint Solar | 1 | — |
Top Legal Counsel
| # | Firm | Deals |
|---|---|---|
| 1 | White & Case LLP; Willkie Farr & Gallagher LLP | 1 |
| 2 | Kirkland & Ellis | 1 |
Technology Mix
Deal Type Mix
- Project Finance1
- Project & Portfolio M&A1
- Corporate PPA1
- Utility PPA1
Activity by Year
Recent Deals
Latest 4- Constellation PJM natural gas generation portfolio — 4.4 GW across Delaware a…Mar 18, 2026
Project & Portfolio M&A · DE, PA · $5B · 4,400 MW
- 112 MWdc portfolio of 28 community solar projects across NJ, IL, DE, VA, ME, PAJun 17, 2025
Project Finance · DE, IL, ME, NJ, PA, VA · $360M · 112 MW
- Raceway SolarAug 19, 2021
Utility PPA · DE · 25 MW
- ENGIE Solidago Solar Project -Dec 8, 2020
Corporate PPA · DE · 62.5 MW
Recent Moves at Active Firms
All moves →Jennifer Gasser joined as Partner, Energy and Infrastructure M&A at Paul WeissMar 3, 2026
David Carroll appointed Board Chair at American Clean Power AssociationFeb 23, 2026
Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
Sean Wheeler joined as Partner, Co-Chair Global M&A; Head of Houston Office at Paul WeissFeb 3, 2026
Debbie Yee joined as Partner, Energy M&A at Paul WeissFeb 3, 2026
Related
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