CleanCapital has sold the 120 MW Nottingham solar development project in Harrison County, Ohio, to Energix Renewables. The project was originally developed by BQ Energy, which CleanCapital acquired in 2022, and is located on a reclaimed coal strip mine.

The deal signals a sharper split in U.S. solar M&A. Sellers with mixed portfolios are divesting larger utility-scale assets to recycle capital into distributed generation and storage, while utility-scale IPPs are using selective acquisitions to expand platform depth.

For CleanCapital, the sale follows its 7.7 MW energy storage joint venture acquisition, a $300 million HoldCo facility, and a $185 million debt private placement. The company said the transaction allows it to focus internal development resources on DG-scale solar and storage projects.

For Energix Renewables, Nottingham adds a 120 MW U.S. utility-scale solar project aligned with its strategy of expanding larger solar assets using U.S.-made equipment. This fits broader buyer behavior in 2025, where investors have favored advanced-stage, interconnection-visible, and execution-ready solar projects over early-stage pipelines. Enerdatics notes that U.S. solar M&A has shifted toward de-risked assets, with buyers prioritizing interconnection progress, secure offtake, and compliant EPC pathways.

Commercially, the deal shows that brownfield solar sites with community and environmental value can still attract utility-scale buyers, even as smaller developers tighten capital allocation.

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