STATE
Clean Energy Deals in Nevada
Every tracked clean energy deal in Nevada since 2023 — 10 transactions, 2.5 GW of capacity, $8.94B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
10
Tracked Deals
2.5 GW
Total Capacity
$8.94B
Disclosed Value
2023–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Jun 7, 2024 | Libra Solar — 700 MW solar + 700 MW / 2,800 MWh BESS, 20 … Arevia Power (Libra Solar) → NV Energy | 700 MW | $2.3B (estimated project cost) |
| Mar 1, 2024 | Thacker Pass lithium processing plant (largest US lithium… Lithium Nevada Corp. → US Department of Energy (LPO) | — | $2.26B |
| Oct 28, 2024 | Thacker Pass Phase 1 — 40,000 tpa lithium carbonate minin… Lithium Americas Corp (with GM as 38% partner) → U.S. Department of Energy (ATVM Program) | — | $2.26B (DOE ATVM loan close) |
| Sep 6, 2024 | Gemini Solar + Storage — refinancing of 690 MW solar + 38… Primergy Solar → NV Energy | 690 MW | $760M |
| Mar 10, 2026 | Gemini Solar + Storage — 690 MWac solar + 380 MW/1,400 MW… Primergy Solar (Quinbrook Infrastructure Partners) | 690 MW | $760M |
| Mar 31, 2026 | Roccasecca Battery Energy Storage Project — 127 MW / 506 … Eolus North America, Inc. → DESRI (D.E. Shaw Renewable Investments) | 127 MW | ~$290M senior secured debt (acquisition price undisclosed) |
| Jan 4, 2024 | Enel Green Power NA geothermal and solar portfolio — Cove… Enel Green Power North America → Ormat Technologies | 150 MW | $271M |
| Apr 16, 2026 | Zanskar AI-native geothermal exploration platform — $40M … Zanskar → Just Climate; Spring Lane Capital; Tierra Adentro Growth Capital | — | $40,000,000 |
| Jun 7, 2024 | Corsac Station Enhanced Geothermal — 115 MW EGS, Nevada (… Fervo Energy → Google (via NV Energy Clean Transition Tariff) | 115 MW | — |
| Jul 18, 2023 | Project Red — 3.5 MW Enhanced Geothermal System (EGS) pil… Fervo Energy → Google (via NV Energy) | 3.5 MW | — |
Most Active Firms
Top Buyers / Financiers
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Fervo Energy | 2 | — |
| 2 | Enel Green Power North America | 1 | $271M |
| 3 | Arevia Power (Libra Solar) | 1 | $2.30B |
| 4 | Primergy Solar | 1 | $760M |
| 5 | Lithium Nevada Corp. | 1 | $2.26B |
Top Legal Counsel
| # | Firm | Deals |
|---|---|---|
| 1 | A&O Shearman | 1 |
Technology Mix
Deal Type Mix
- Project Finance5
- Power Purchase & Offtake3
- Project & Portfolio M&A2
Activity by Year
Recent Deals
Latest 10- Zanskar AI-native geothermal exploration platform — $40M development capital …Apr 16, 2026
Project Finance · NV · $40,000,000
- Roccasecca Battery Energy Storage Project — 127 MW / 506 MWh standalone BESS,…Mar 31, 2026
Project & Portfolio M&A · NV · ~$290M senior secured debt (acquisition price undisclosed) · 127 MW
- Gemini Solar + Storage — 690 MWac solar + 380 MW/1,400 MWh BESS, Clark County…Mar 10, 2026
Project Finance · NV · $760M · 690 MW
- Thacker Pass Phase 1 — 40,000 tpa lithium carbonate mining/processing facilit…Oct 28, 2024
Project Finance · NV · $2.26B (DOE ATVM loan close)
- Gemini Solar + Storage — refinancing of 690 MW solar + 380 MW/1,400 MWh stora…Sep 6, 2024
Project Finance · NV · $760M · 690 MW
- Libra Solar — 700 MW solar + 700 MW / 2,800 MWh BESS, 20 miles south of Fort …Jun 7, 2024
Power Purchase & Offtake · NV · $2.3B (estimated project cost) · 700 MW
- Corsac Station Enhanced Geothermal — 115 MW EGS, Nevada (powering Storey Coun…Jun 7, 2024
Power Purchase & Offtake · NV · 115 MW
- Thacker Pass lithium processing plant (largest US lithium reserve, Nevada)Mar 1, 2024
Project Finance · NV · $2.26B
- 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
- Project Red — 3.5 MW Enhanced Geothermal System (EGS) pilot, Beaver County, N…Jul 18, 2023
Power Purchase & Offtake · NV · 3.5 MW
Recent Moves at Active Firms
All moves →Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
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