STATE
Clean Energy Deals in Rhode Island
Every tracked clean energy deal in Rhode Island since 2023 — 3 transactions, 2.8 GW of capacity, $745M of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
3
Tracked Deals
2.8 GW
Total Capacity
$745M
Disclosed Value
2024–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| 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) |
| Sep 6, 2024 | SouthCoast Wind — 1,287 MW offshore wind, federal lease a… Ocean Winds (EDP Renewables / ENGIE 50/50) → Massachusetts (1,087 MW share) + Rhode Island (200 MW share) | 1.3 GW | Undisclosed OREC strike |
| Mar 16, 2026 | Revolution Wind — 700 MW offshore wind, offshore Rhode Is… Ørsted; Skyborn Renewables (Global Infrastructure Partners) → Rhode Island and Connecticut utilities | 700 MW | — |
Most Active Firms
Top Buyers / Financiers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Rhode Island and Connecticut utilities | 1 | — |
| 2 | Global Infrastructure Partners (GIP/BlackRock) | 1 | $745M |
| 3 | Massachusetts (1,087 MW share) + Rhode Island (200 MW share) | 1 | — |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Ørsted; Skyborn Renewables (Global Infrastructure Partners) | 1 | — |
| 2 | Eversource Energy | 1 | $745M |
| 3 | Ørsted (operator) | 1 | $745M |
| 4 | Ocean Winds (EDP Renewables / ENGIE 50/50) | 1 | — |
Technology Mix
Deal Type Mix
- Project Finance1
- Project & Portfolio M&A1
- Power Purchase & Offtake1
Activity by Year
Recent Deals
Latest 3- Revolution Wind — 700 MW offshore wind, offshore Rhode IslandMar 16, 2026
Project Finance · RI · 700 MW
- SouthCoast Wind — 1,287 MW offshore wind, federal lease area south of Massach…Sep 6, 2024
Power Purchase & Offtake · MA, RI · Undisclosed OREC strike · 1,287 MW
- Eversource 50% stake in South Fork Wind (132 MW, off Long Island NY) + Revolu…Feb 12, 2024
Project & Portfolio M&A · CT, NY, RI · $745M (revised down from $1.1B initial) · 836 MW
Related
Get the next one in your inbox
Free weekly briefing on US clean energy deals + executive moves. No spam.