STATE
Clean Energy Deals in Virginia
Every tracked clean energy deal in Virginia since 2023 — 13 transactions, 13.8 GW of capacity, $4.79B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
13
Tracked Deals
13.8 GW
Total Capacity
$4.79B
Disclosed Value
2023–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Feb 22, 2024 | Coastal Virginia Offshore Wind (CVOW) — 2,600 MW offshore… Dominion Energy → Stonepeak Infrastructure Partners | 2.6 GW | $2.6B (50% stake) |
| Mar 24, 2026 | Coastal Virginia Offshore Wind (CVOW) — First Commercial … Dominion Energy → Dominion Energy Virginia (regulated utility) | 2.6 GW | 1.5B |
| 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 |
| Sep 18, 2024 | Prospect Power Storage — 150 MW / 600 MWh standalone BESS… Swift Current Energy → Truist Securities / CIBC / KeyBank / Natixis | 150 MW | $242M |
| Apr 13, 2026 | Elevate Renewables $50M Rabobank Energy Transition Suppli… Elevate Renewables → Rabobank | 150 MW | $50,000,000 |
| Aug 9, 2024 | ~$40M of transferable ITC from Virginia community solar p… Summit Ridge Energy → Undisclosed (private real estate company) | — | $40M |
| Sep 3, 2025 | Six future ENTRA1 SMR plants — 6 GW total (~72 NuScale 77… ENTRA1 Energy (NuScale technology) → TVA | 6.0 GW | — |
| Jan 4, 2023 | 1.3 GW AES operating renewables portfolio (49% equity) — … AES Corporation → Hannon Armstrong (HASI) | 1.3 GW | Programmatic (multi-hundred million) |
| Dec 10, 2024 | 510 MW utility-scale solar portfolio in North Carolina an… SunEnergy1 → Brookfield Renewable | 510 MW | — |
| Oct 16, 2024 | North Anna SMR exploration — ~300 MW Small Modular Reacto… Dominion Energy Virginia → Amazon (MOU) | 300 MW | — |
Most Active Firms
Top Buyers / Financiers
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Dominion Energy | 2 | $4.10B |
| 2 | Summit Ridge Energy | 1 | $40M |
| 3 | Swift Current Energy | 1 | $242M |
| 4 | SunEnergy1 | 1 | — |
| 5 | Dimension Energy | 1 | $360M |
Top Legal Counsel
| # | Firm | Deals |
|---|---|---|
| 1 | White & Case | 1 |
| 2 | Holland & Knight | 1 |
Technology Mix
Deal Type Mix
- Project & Portfolio M&A4
- Power Purchase & Offtake4
- Project Finance3
- Tax Equity & Tax Credits1
- Strategic & Growth Capital1
Activity by Year
Recent Deals
Latest 10- Elevate Renewables $50M Rabobank Energy Transition Supplier Finance Facility …Apr 13, 2026
Project Finance · VA · $50,000,000 · 150 MW
- Coastal Virginia Offshore Wind (CVOW) — First Commercial Power — 2,600 MW pro…Mar 24, 2026
Project & Portfolio M&A · VA · 1.5B · 2,600 MW
- RFP for solar, onshore wind, and energy storage PPAs — multi-GW procurementOct 1, 2025
Power Purchase & Offtake · NC, VA
- 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
- 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
- 510 MW utility-scale solar portfolio in North Carolina and Virginia + exclusi…Dec 10, 2024
Project & Portfolio M&A · NC, VA · 510 MW
- 19 community solar projects totaling 100 MW across VirginiaDec 1, 2024
Project & Portfolio M&A · VA · 100 MW
- North Anna SMR exploration — ~300 MW Small Modular Reactor at North Anna nucl…Oct 16, 2024
Power Purchase & Offtake · VA · 300 MW
- Prospect Power Storage — 150 MW / 600 MWh standalone BESS in Rockingham Count…Sep 18, 2024
Project Finance · VA · $242M · 150 MW
- ~$40M of transferable ITC from Virginia community solar portfolio (600+ MW to…Aug 9, 2024
Tax Equity & Tax Credits · VA · $40M
Recent Moves at Active Firms
All moves →Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
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