STATE
Clean Energy Deals in Pennsylvania
Every tracked clean energy deal in Pennsylvania since 2023 — 14 transactions, 23.4 GW of capacity, $48.09B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
14
Tracked Deals
23.4 GW
Total Capacity
$48.09B
Disclosed Value
2023–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Jun 11, 2025 | Susquehanna Nuclear PPA — 1,920 MW carbon-free electricit… Talen Energy → Amazon (AWS) | 1.9 GW | $18B |
| Nov 7, 2023 | Westinghouse Electric Company — global nuclear services, … Brookfield Business Partners + Saudi Public Investment Fund (PIF) → Cameco Corporation (49%) + Brookfield Asset Management/Brookfield Renewable (51%) | — | $7.875B (~$8.2B with working capital adj.) |
| Mar 1, 2024 | Energy Harbor — ~4,000 MW nuclear fleet + retail electric… Energy Harbor → Vistra Corp | 4.0 GW | $6.8B |
| Mar 18, 2026 | Constellation PJM natural gas generation portfolio — 4.4 … Constellation Energy → LS Power | 4.4 GW | $5B |
| 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) |
| Jul 15, 2025 | Brookfield US hydroelectric portfolio — Holtwood (250 MW)… Brookfield Renewable → Google (Alphabet) | 3.0 GW | $3B+ (initial 670 MW); larger framework value undisclosed |
| Sep 20, 2024 | Crane Clean Energy Center (Three Mile Island Unit 1) — 83… Constellation Energy → Microsoft | 835 MW | $1.6B (investment) |
| Nov 18, 2025 | Crane Clean Energy Center — 835 MW nuclear reactor restar… Constellation Energy → DOE Loan Programs Office | 835 MW | $1B |
| Mar 4, 2024 | Susquehanna nuclear data center campus — 960 MW capacity … Talen Energy → Amazon (AWS) | 960 MW | $650M |
| 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 |
Most Active Firms
Top Buyers / Financiers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Amazon (AWS) | 2 | $18.65B |
| 2 | Microsoft | 2 | $2.60B |
| 3 | DOE Loan Programs Office | 2 | $1.30B |
| 4 | Meta | 2 | — |
| 5 | First Citizens Bank, ING, MUFG, National Bank of Canada, Siemens, Cadence, Comerica, Advantage Capital | 1 | $360M |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Constellation Energy | 3 | $7.60B |
| 2 | Talen Energy | 2 | $18.65B |
| 3 | Eos Energy Enterprises | 1 | $304M |
| 4 | Vistra | 1 | — |
| 5 | MN8 Energy (Walker Solar Project) | 1 | — |
Top Lenders
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | DOE LPO (Title 17) | 1 | $304M |
| 2 | DOE LPO (Energy Dominance Financing) | 1 | $1.00B |
Top Legal Counsel
| # | Firm | Deals |
|---|---|---|
| 1 | Orrick | 1 |
| 2 | Kirkland & Ellis, White & Case | 1 |
| 3 | Paul Hastings | 1 |
| 4 | Cahill Gordon & Reindel | 1 |
| 5 | White & Case LLP; Willkie Farr & Gallagher LLP | 1 |
Technology Mix
Deal Type Mix
- Project & Portfolio M&A4
- Power Purchase & Offtake4
- Project Finance3
- Corporate M&A3
Activity by Year
Recent Deals
Latest 10- Constellation PJM natural gas generation portfolio — 4.4 GW across Delaware a…Mar 18, 2026
Project & Portfolio M&A · DE, PA · $5B · 4,400 MW
- Crane Clean Energy Center — 835 MW nuclear reactor restart, Pennsylvania (for…Nov 18, 2025
Project Finance · PA · $1B · 835 MW
- BP US onshore wind portfolio — 1,700 MW gross / 1,300 MW net across 10 wind p…Jul 18, 2025
Project & Portfolio M&A · CO, HI, ID, IN, KS, PA, SD · 1,700 MW
- Moxie Freedom (1,105 MW CCGT, PA) + Guernsey Power Station (1,875 MW CCGT, OH…Jul 17, 2025
Corporate M&A · OH, PA · $3.5B (net; $3.8B gross) · 2,980 MW
- Brookfield US hydroelectric portfolio — Holtwood (250 MW) + Safe Harbor (420 …Jul 15, 2025
Power Purchase & Offtake · PA · $3B+ (initial 670 MW); larger framework value undisclosed · 3,000 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
- Susquehanna Nuclear PPA — 1,920 MW carbon-free electricity from 2.5 GW Susque…Jun 11, 2025
Power Purchase & Offtake · PA · $18B · 1,920 MW
- Walker Solar Project — 80 MW solar in Juniata County, PennsylvaniaMar 1, 2025
Power Purchase & Offtake · PA · 80 MW
- 20-year nuclear PPAs — 2,600+ MW from 3 nuclear plants (Beaver Valley PA, Dav…Jan 9, 2025
Project & Portfolio M&A · OH, PA · Undisclosed (20-year term) · 2,600 MW
- Project AMAZE — Zinc-bromine battery manufacturing expansion, Turtle Creek, P…Dec 3, 2024
Project Finance · PA · $303.5M
Recent Moves at Active Firms
All moves →Jennifer Gasser joined as Partner, Energy and Infrastructure M&A at Paul WeissMar 3, 2026
Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
Sean Wheeler joined as Partner, Co-Chair Global M&A; Head of Houston Office at Paul WeissFeb 3, 2026
Debbie Yee joined as Partner, Energy M&A at Paul WeissFeb 3, 2026
Related
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