STATE
Clean Energy Deals in Ohio
Every tracked clean energy deal in Ohio since 2023 — 24 transactions, 26.6 GW of capacity, $58.32B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
24
Tracked Deals
26.6 GW
Total Capacity
$58.32B
Disclosed Value
2023–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Mar 20, 2026 | PORTS Technology Campus — 10 GW AI data center + up to 10… SoftBank Group; SB Energy; AEP Ohio | 10.0 GW | ~$33B (Phase 1; $500B+ over 50 years) |
| Mar 1, 2024 | Energy Harbor — ~4,000 MW nuclear fleet + retail electric… Energy Harbor → Vistra Corp | 4.0 GW | $6.8B |
| Mar 7, 2024 | East Ohio Gas (rebranded Enbridge Gas Ohio) — natural gas… Dominion Energy → Enbridge Inc. | — | ~$6.6B (East Ohio + Questar tranche; total Dominion utility program $14B) |
| Jul 17, 2025 | Moxie Freedom (1,105 MW CCGT, PA) + Guernsey Power Statio… Caithness Energy, BlackRock/GIP → Talen Energy | 3.0 GW | $3.5B (net; $3.8B gross) |
| Jan 12, 2026 | Three projects totaling ~670 MW: Emerson Creek Wind (269 … Apex Clean Energy → Multiple (see notes) | 670 MW | $2.79B |
| Jan 27, 2025 | 590 MW solar portfolio: Cadence Solar (240 MW, OH), Trade… Invenergy → Natixis CIB, CIBC, Nomura, Rabobank, Wells Fargo | 590 MW | $1.1B |
| Feb 1, 2025 | $857M of Section 45X AMPCs from 2024 US solar module prod… First Solar → Undisclosed | — | $857M (at $0.955 per $1.00) |
| Jan 3, 2024 | Section 45X Advanced Manufacturing Production Tax Credits… First Solar → Fiserv | — | $700M (at $0.96 per $1.00) |
| Dec 22, 2023 | Section 45X Advanced Manufacturing Production Tax Credits… First Solar → Fiserv, Inc. | — | Up to $700M (at $0.96/$1) |
| Dec 15, 2025 | Sol Systems 500 MW initial pipeline (IL, OH, TX) + 144 MW… Sol Systems → KKR Capital Markets (placement); Raymond James Renewable Energy Investments (tax equity) | 500 MW | $675M revolver + $300M Blossom transaction |
Most Active Firms
Top Buyers / Financiers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Meta | 3 | — |
| 2 | Fiserv | 1 | $700M |
| 3 | Microsoft | 1 | — |
| 4 | CDPQ (Caisse de depot et placement du Quebec) | 1 | $546M |
| 5 | Natixis CIB, CIBC, Nomura, Rabobank, Wells Fargo | 1 | $1.10B |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Invenergy | 5 | $1.10B |
| 2 | First Solar | 3 | $2.26B |
| 3 | Apex Clean Energy | 2 | $3.44B |
| 4 | Sol Systems | 2 | $975M |
| 5 | EDP Renewables North America | 1 | — |
Top Lenders
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | BBVA; ING Capital LLC; Intesa Sanpaolo; NAB; Natixis CIB; NatWest | 1 | $300M |
| 2 | Raymond James Renewable Energy Investments | 1 | $300M |
Top Legal Counsel
| # | Firm | Deals |
|---|---|---|
| 1 | Latham & Watkins | 1 |
| 2 | Kirkland & Ellis, White & Case | 1 |
| 3 | Paul Hastings | 1 |
| 4 | Cahill Gordon & Reindel | 1 |
Technology Mix
Deal Type Mix
- Project & Portfolio M&A6
- Project Finance6
- Power Purchase & Offtake5
- Tax Equity & Tax Credits3
- Corporate M&A3
Activity by Year
Recent Deals
Latest 10- Nottingham Solar — 120 MW utility-scale solar PV on a reclaimed coal strip mi…Apr 22, 2026
Project & Portfolio M&A · OH · 120 MW
- Harvey Solar — 350 MW utility-scale solar PV, Licking County, OhioMar 24, 2026
Project & Portfolio M&A · OH · 350 MW
- PORTS Technology Campus — 10 GW AI data center + up to 10 GW power generation…Mar 20, 2026
Project Finance · OH · ~$33B (Phase 1; $500B+ over 50 years) · 10,000 MW
- Great Bend Solar — utility-scale solar (~48 MWac), Meigs County, OhioMar 19, 2026
Project Finance · OH · $103M · 48 MW
- Blossom Solar — 144 MW-AC solar, Morrow County, OH (PJM)Mar 6, 2026
Project Finance · OH · $300M · 144 MW
- Oregon Clean Energy Center — 870 MW CCGT natural gas plant, Oregon, OHMar 5, 2026
Project & Portfolio M&A · OH · 870 MW
- Three projects totaling ~670 MW: Emerson Creek Wind (269 MW, OH), Coles Wind …Jan 12, 2026
Project Finance · IL, OH, TX · $2.79B · 670 MW
- Sol Systems 500 MW initial pipeline (IL, OH, TX) + 144 MWac Blossom Solar (Oh…Dec 15, 2025
Corporate Debt & Capital Markets · IL, OH, TX · $675M revolver + $300M Blossom transaction · 500 MW
- Montpelier Solar Farm — 50 MW solar facility in Ohio, connected to PJM gridNov 12, 2025
Power Purchase & Offtake · OH · 50 MW
- Emerson Creek Wind — 269 MW wind farm, Erie and Huron Counties, Ohio (PJM)Sep 15, 2025
Project Finance · OH · ~$650M · 269 MW
Recent Moves at Active Firms
All moves →Jennifer Gasser joined as Partner, Energy and Infrastructure M&A at Paul WeissMar 3, 2026
Ken Young appointed Board Chair-Elect at American Clean Power AssociationFeb 23, 2026
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
Sean Wheeler joined as Partner, Co-Chair Global M&A; Head of Houston Office at Paul WeissFeb 3, 2026
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