STATE
Clean Energy Deals in Maine
Every tracked clean energy deal in Maine since 2023 — 3 transactions, 8.3 GW of capacity, $2.92B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
3
Tracked Deals
8.3 GW
Total Capacity
$2.92B
Disclosed Value
2024–2025
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) |
| 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 |
| Nov 7, 2025 | Cross Town BESS — 175 MW / 350 MWh, Gorham, Maine (larges… Plus Power → Plus Power | 175 MW | $65M (tax equity from Morgan Stanley) |
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 | Plus Power | 1 | $65M |
| 3 | Morgan Stanley (tax equity) | 1 | $65M |
| 4 | Iberdrola | 1 | $2.50B |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Dimension Energy | 1 | $360M |
| 2 | Plus Power | 1 | $65M |
| 3 | Avangrid public minority shareholders (18.4%) | 1 | $2.50B |
Top Lenders
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Morgan Stanley | 1 | $65M |
Technology Mix
Deal Type Mix
- Project Finance1
- Project & Portfolio M&A1
- Corporate M&A1
Activity by Year
Recent Deals
Latest 3- Cross Town BESS — 175 MW / 350 MWh, Gorham, Maine (largest battery in ISO-NE …Nov 7, 2025
Project & Portfolio M&A · ME · $65M (tax equity from Morgan Stanley) · 175 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
- 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
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
Related
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