STATE
Clean Energy Deals in North Carolina
Every tracked clean energy deal in North Carolina since 2023 — 10 transactions, 12.1 GW of capacity, $16.14B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
10
Tracked Deals
12.1 GW
Total Capacity
$16.14B
Disclosed Value
2024–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Oct 1, 2024 | Public Service Co. of North Carolina (PSNC Energy) — natu… Dominion Energy → Enbridge Inc. | — | Component of $14B Dominion gas utility program |
| 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 |
| Mar 3, 2026 | Pine Gate Renewables ~1 GW solar portfolio — 9 projects a… Pine Gate Renewables → Nofar USA (Nofar Energy) | 979 MW | $285M |
| Sep 3, 2025 | Six future ENTRA1 SMR plants — 6 GW total (~72 NuScale 77… ENTRA1 Energy (NuScale technology) → TVA | 6.0 GW | — |
| Dec 10, 2024 | 510 MW utility-scale solar portfolio in North Carolina an… SunEnergy1 → Brookfield Renewable | 510 MW | — |
| Oct 1, 2025 | Cherry Solar — 300 MW utility-scale solar, North Carolina… SunEnergy1 → Brookfield Renewable | 300 MW | — |
| Feb 18, 2026 | Sumac + Sweetleaf Projects — 222 MWdc solar (NC) Geenex → CleanChoice Energy | 222 MW | — |
| Mar 1, 2024 | Wilkinson Solar Energy Center — 74 MW solar in North Caro… Invenergy → Microsoft | 74 MW | — |
Most Active Firms
Top Buyers / Financiers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Brookfield Renewable | 2 | — |
| 2 | Microsoft | 1 | — |
| 3 | Dominion Energy Virginia / North Carolina | 1 | — |
| 4 | CleanChoice Energy | 1 | — |
| 5 | Nofar USA (Nofar Energy) | 1 | $285M |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | SunEnergy1 | 2 | — |
| 2 | Invenergy | 1 | — |
| 3 | Multiple | 1 | — |
| 4 | Geenex | 1 | — |
| 5 | Pine Gate Renewables | 1 | $285M |
Top Legal Counsel
| # | Firm | Deals |
|---|---|---|
| 1 | White & Case | 1 |
| 2 | Holland & Knight | 1 |
| 3 | Clifford Chance | 1 |
| 4 | Latham & Watkins LLP; Hunton Andrews Kurth LLP | 1 |
Technology Mix
Deal Type Mix
- Project & Portfolio M&A4
- Power Purchase & Offtake3
- Regulatory & Permits2
- Corporate M&A1
Activity by Year
Recent Deals
Latest 10- 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
- Pine Gate Renewables ~1 GW solar portfolio — 9 projects across NC, SC, AL, TX…Mar 3, 2026
Project & Portfolio M&A · AL, NC, SC, TX · $285M · 979 MW
- Sumac + Sweetleaf Projects — 222 MWdc solar (NC)Feb 18, 2026
Project & Portfolio M&A · NC · 222 MW
- RFP for solar, onshore wind, and energy storage PPAs — multi-GW procurementOct 1, 2025
Power Purchase & Offtake · NC, VA
- Cherry Solar — 300 MW utility-scale solar, North Carolina (expansion of Dec 2…Oct 1, 2025
Project & Portfolio M&A · NC · 300 MW
- Six future ENTRA1 SMR plants — 6 GW total (~72 NuScale 77-MW VOYGR modules)Sep 3, 2025
Power Purchase & Offtake · AL, GA, KY, MS, NC, TN, VA · 6,000 MW
- 510 MW utility-scale solar portfolio in North Carolina and Virginia + exclusi…Dec 10, 2024
Project & Portfolio M&A · NC, VA · 510 MW
- Public Service Co. of North Carolina (PSNC Energy) — natural gas distribution…Oct 1, 2024
Corporate M&A · NC · Component of $14B Dominion gas utility program
- Wilkinson Solar Energy Center — 74 MW solar in North CarolinaMar 1, 2024
Power Purchase & Offtake · NC · 74 MW
Recent Moves at Active Firms
All moves →Seth Richardson promoted to Partner, Project Development & Finance at Latham & WatkinsFeb 20, 2026
Thomas Verity joined as Partner, Energy M&A at Norton Rose FulbrightFeb 15, 2026
Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
John Stavinoha joined as Partner, M&A and Private Equity (Energy) at Latham & WatkinsJan 1, 2026
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