Increased 2027 CAFD per Share Target
Clearway Energy increased its 2027 CAFD per share target range to $2.50 to $2.70, reflecting progress on committed and potential investments.
Successful Project Acquisitions
Clearway Energy closed the previously disclosed Catalina solar project and demonstrated efficient financial execution on the Tuolumne Wind project, both effectuated at attractive long-term CAFD yields.
Sponsor-Enabled Growth Pathway
All committed growth investments are on schedule for 2025, with an offer from Clearway Group to invest in a new battery storage portfolio in 2026. The battery storage pipeline now represents over 40% of all project capacity in development.
Strategic Pipeline for Long-term Growth
Clearway Group's late-stage pipeline includes a substantial volume of renewable projects with safe harbor qualifications through at least 2029, providing a solid foundation for long-term growth.
Secured PPA with Hyperscaler Customer
A PPA was signed with a new hyperscaler customer for the Goat Mountain project, on track for a 2027 COD, with an expected corporate capital investment of $200 million and an annual CAFD yield above 10%.