STATE
Clean Energy Deals in New York
Every tracked clean energy deal in New York since 2023 — 22 transactions, 28.0 GW of capacity, $26.23B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
22
Tracked Deals
28.0 GW
Total Capacity
$26.23B
Disclosed Value
2023–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Jan 2, 2026 | Sunrise Wind — 924 MW offshore wind, 84 turbines off New … Ørsted → BNP Paribas, Danske Bank, J.P. Morgan | 924 MW | ~$6.3B (DKK 40B project cost) |
| Dec 3, 2024 | NYSERDA RES Tier 1 (RESRFP24-1) — 26 large-scale land-bas… Multiple (26 contracts, mix of solar/wind/hydro developers) → NYSERDA (state of New York) | 2.6 GW | $6B private investment (estimated) |
| Dec 31, 2024 | Empire Wind 1 — 810 MW offshore wind farm, 54 turbines, 1… Equinor → Undisclosed bank syndicate | 810 MW | $3B+ (total capex ~$5B incl. ITC) |
| 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) |
| Jan 16, 2025 | Up to 6 green hydrogen production and liquefaction facili… Plug Power → U.S. Department of Energy (DOE Loan Programs Office) | — | $1.66B |
| May 14, 2024 | Up to 6 green hydrogen production and liquefaction facili… Plug Power → U.S. Department of Energy (Loan Programs Office) | — | $1.66B (conditional) |
| Jan 27, 2025 | Cider Solar — 674 MWdc / 500 MWac utility-scale solar, Ge… Greenbacker Renewable Energy → MUFG, KeyBanc, ING, Intesa Sanpaolo, SocGen, Wells Fargo | 500 MW | $950M |
| Mar 23, 2026 | TotalEnergies US Offshore Wind Lease Exit — OCS-A 0538 (N… TotalEnergies SE | — | $928,333,333 |
| Mar 23, 2026 | Attentive Energy (NY Bight, OCS-A 0538) + Carolina Long B… TotalEnergies | 4.0 GW | $928M reimbursement to TotalEnergies |
| 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) |
Most Active Firms
Top Buyers / Financiers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | NYSERDA | 2 | $152M |
| 2 | Undisclosed bank syndicate | 1 | $3.00B |
| 3 | NYSERDA (25-year OREC at $155/MWh) | 1 | $3.00B |
| 4 | MUFG, KeyBanc, ING, Intesa Sanpaolo, SocGen, Wells Fargo | 1 | $950M |
| 5 | BNP Paribas, Danske Bank, J.P. Morgan | 1 | $6.30B |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Equinor | 2 | $3.00B |
| 2 | Plug Power | 2 | $3.32B |
| 3 | AES Corporation | 2 | $301M |
| 4 | Eversource Energy | 2 | $897M |
| 5 | Ørsted (operator) | 2 | $897M |
Top Lenders
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | BNP Paribas, Danske Bank, J.P. Morgan | 1 | $6.30B |
| 2 | KeyBanc Capital Markets, MUFG, ING Capital, Intesa Sanpaolo, Société Générale, Wells Fargo | 1 | $400M |
Technology Mix
Deal Type Mix
- Project Finance5
- Regulatory & Permits4
- Power Purchase & Offtake4
- Strategic & Growth Capital3
- Project & Portfolio M&A3
Activity by Year
Recent Deals
Latest 10- Agricola Wind — 99 MW wind, Towns of Scipio and Venice, Cayuga County NY — NY…Apr 6, 2026
Regulatory & Permits · NY · 99 MW
- Flat Creek Solar — 300 MW solar, Towns of Canajoharie and Root, Montgomery Co…Apr 6, 2026
Regulatory & Permits · NY · 300 MW
- ThinkLabs AI $28M Series A — AI-native grid simulation and digital twin softwareMar 31, 2026
Strategic & Growth Capital · NY · $28M
- Attentive Energy (NY Bight, OCS-A 0538) + Carolina Long Bay (OCS-A 0545) — 2 …Mar 23, 2026
Regulatory & Permits · NC, NY · $928M reimbursement to TotalEnergies · 4,000 MW
- TotalEnergies US Offshore Wind Lease Exit — OCS-A 0538 (New York Bight) + OCS…Mar 23, 2026
Regulatory & Permits · NC, NJ, NY · $928,333,333
- Cider Solar portfolio — 674 MWdc / 500 MWac utility-scale solar, Genesee Coun…Mar 9, 2026
Project & Portfolio M&A · NY · $400M+ · 500 MW
- 28 distributed BESS projects across New York City — 124 MW / 494 MWh — poweri…Feb 9, 2026
Project Finance · NY · $431M · 124 MW
- Sunrise Wind — 924 MW offshore wind, 84 turbines off New York + DKK 60B right…Jan 2, 2026
Strategic & Growth Capital · NY · ~$6.3B (DKK 40B project cost) · 924 MW
- AES Community Solar Portfolio — ~30 community solar projects, 215 MW, NY/MA/ILMay 1, 2025
Corporate Debt & Capital Markets · IL, MA, NY · $301M · 215 MW
- Cider Solar — 674 MWdc / 500 MWac utility-scale solar, Genesee County, New Yo…Jan 27, 2025
Project Finance · NY · $950M · 500 MW
Recent Moves at Active Firms
All moves →Ricardo Falú promoted to President at AES CorporationMar 2, 2026
Juan Ignacio Rubiolo promoted to EVP, Chief Operating Officer, and President of Energy Infrastructure SBU at AES CorporationMar 2, 2026
Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
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