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Clearway Energy

Company Summary

Description

Clearway Energy, Inc., formerly NRG Yield, Inc., owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States, including fossil fuel, solar and wind power generation facilities that have the capacity to support more than two million American homes and businesses. Clearway Energy’s thermal infrastructure assets provide steam, hot and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals and governmental units in multiple locations. Clearway Energy’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively.

Financial Data:

NYSE:NYLD from Google Finance

Tickers:

  • NYLD - New York Stock Exchange

Related Entities

Recent news

  • 2/23/2023 - Clearway Energy... (subscriber access)
  • 2/23/2023 - Clearway Energy... (subscriber access)
  • 2/23/2023 - Clearway Energy Notes... (subscriber access)
  • 6/28/2022 - Clearway Energy Enters... (subscriber access)
  • 5/26/2022 - TotalEnergies Plans to... (subscriber access)

Investor Presentations

Company Transactions

Date: 6/28/2022
Type: Acquisition

BUYERS:
  • Clearway Energy
    • SELLERS:
  • Capistrano Wind Partners
    • DETAILS:

    COST: 255 $MM

    VOLUMES: 413 MW

    NOTES:
    Clearway Energy has announced it will acquire wind projects from Capistrano Wind Partners for $255 million in cash on top of ~$160 million of non-recourse debt, which is a type of loan secured by collateral. There will be five operational utility-scale wind projects in the portfolio located in Texas, Nebraska, and Wyoming and they are capable of producing a cumulative 413 MW. Clearway Energy Group will continue to operate the projects and has offered up $10 million to Capistrano for an "exclusive right to develop, construct, and repower the projects in the Capistrano Portfolio".

    Date: 6/1/2022
    Type: Acquisition

    BUYERS:
  • TotalEnergies
    • SELLERS:
  • Clearway Energy
  • Global Infrastructure Partners
    • DETAILS:

    COST: 1.6 $B

    NOTES:
    TotalEnergies has reached a deal to acquire a a 50% stake in Clearway Energy from GIP. Clearway is the 5th largest player in U.S. renewable energy and Totalenergies will pay $1.6 billion in cash for the stake in addition to giving GIP an interest if 50% minus one share n the TotalEnergies subsidiary which owns 50.6% of SunPower Corproation.
    REGIONS:
  • North America

    • Date: 4/27/2021
    Type: Acquisition

    BUYERS:
  • Clearway Energy
    • SELLERS:
  • Castleton Commodities International, LLC
    • ASSETS:
  • Mt. Storm Wind Farm
    • DETAILS:

    VOLUMES: 264 MW

    NOTES:
    Clearway Energy has closed on their purchase of the 264-MW Mt. Storm Wind Farm in Grant County, West Virginia, from Castleton Commodities International.
    REGIONS:
  • Northeast

    • Date: 2/3/2021
    Type: Acquisition

    BUYERS:
  • Clearway Energy
    • SELLERS:
  • NRG Energy Inc
    • ASSETS:
  • Agua Caliente Solar Project
    • DETAILS:

    COST: 202 $MM

    NOTES:
    NRG Energy has closed on its deal to sell a 35% stake in the Agua Caliente Solar Project to Clearway Energy for $202 million.

    Date: 12/10/2019
    Type: Acquisition

    BUYERS:
  • Clearway Energy
    • SELLERS:
  • Global Infrastructure Partners
    • ASSETS:
  • Carlsbad Energy Center
    • DETAILS:

    COST: 184 $MM

    REGIONS:
  • West

    • Date: 4/22/2019
    Type: Acquisition

    BUYERS:
  • Duke Energy Corporation
    • SELLERS:
  • Clearway Energy
    • DETAILS:

    VOLUMES: 150 MW

    NOTES:
    Duke Energy acquired the 150 MW North Rosamond solar project in Kern County, California from Clearway Energy Group

    Date: 8/31/2018
    Type: Acquisition

    BUYERS:
  • Global Infrastructure Partners
    • SELLERS:
  • Clearway Energy
  • NRG Energy Inc
    • DETAILS:

    COST: 1.375 $B

    Date: 4/30/2018
    Type: Acquisition

    BUYERS:
  • Clearway Energy
    • SELLERS:
  • NRG Energy Inc
    • PROJECTS:
  • Buckthorn Solar Project
  • Carlsbad Energy Center
    • DETAILS:

    COST: 407 $MM

    VOLUMES: 681 MW

    NOTES:
    NRG Yield announced that it has entered into a drop-down acquisition deal with NRG Energy that includes the Buckthorn Solar Project and the Carlsbad Energy Center.

    Date: 3/27/2017
    Type: Acquisition

    BUYERS:
  • Clearway Energy
    • SELLERS:
  • NRG Energy Inc
  • Agua Caliente Solar
    • ASSETS:
  • Agua Caliente Solar Project
  • Utah Solar Farm (NRG)
    • DETAILS:

    COST: 131 $MM

    VOLUMES: 311 MW

    NOTES:
    On March 27, 2017, the Company acquired ownership interests in the Agua Caliente and Utah utility-scale solar projects from NRG for total cash consideration of $131 million, plus assumed non-recourse project debt of approximately $463 million.