Wednesday, 06 January 2021
Clearway Energy Group has commenced construction on Mesquite Sky, a 345 megawatt (MW) wind farm in Callahan County, Texas. Clearway also closed $427 million in construction debt financing, for which Mizuho Bank, Ltd. acted as the coordinating lead arranger and with Canadian Imperial Bank of Commerce (CIBC), MUFG Bank, Ltd., Santander Bank N.A., and Sumitomo Mitsui Banking Corporation (SMBC) each acting as mandated lead arrangers. Courtesy of Clearway
“As we expand our footprint in Texas, we’re humbled to be a part of an industry that employs thousands of residents, stimulates billions in investments, and positions the Lone Star State as a twenty-first century energy leader,” said Natalie Jackson, Head of Capital Markets at Clearway Energy Group. “Wind farms like Mesquite Sky are driving the transition to clean, low-cost, and reliable power that residents and businesses want. We’re grateful for our customers and partners who will help bring M
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Clearway Energy (NYSE:CWEN)(NYSE:CWEN.A) supercharged its dividend in 2020, boosting it an eye-popping 59%. But it has plenty more growth ahead after it added several new power sources over the past few months. It already has enough power to increase its dividend by another 8% next year. Meanwhile, it recently added a new power source that should keep its longer-term dividend growth plan fully charged.
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Clearway Energy, Inc. (CWEN) and its renewable development partner and parent company, Clearway Energy Group LLC (CEG), have announced agreements providing for CWEN’s co-investment in a 1204 MW portfolio of renewable energy projects developed by CEG.
The portfolio will consist of:
1012 MW from five geographically diversified wind, solar, and solar plus storage assets under development
the 192 MW Rosamond Central solar project, which is expected to commence operations by the end of 2020.
Additionally, the parties amended the existing partnership agreement for the 419 MW Mesquite Star wind project, providing CWEN an additional 27.51% of the project’s cash flows after 1H2031.
Approximately 90% of the generation from the projects are contracted with a diverse group of primarily investment grade counterparties, including utilities and load serving entities, Fortune 500 corporations, commercial and industrial customers, and financial institutions. The portfolio has
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PRINCETON, N.J. and SAN FRANCISCO, Dec. 22, 2020 (GLOBE NEWSWIRE) Clearway Energy, Inc. (NYSE:CWEN, CWEN.A)) ( CWEN , Company ) and its renewable development partner and parent company, Clearway Energy Group LLC ( CEG ), today announced agreements providing for CWEN s co-investment in a 1,204 MW portfolio of renewable energy projects developed by CEG consisting of i) 1,012 MW from five geographically diversified wind, solar, and solar plus storage assets under development and ii) the 192 MW Rosamond Central solar project which is expected to commence operations by the end of the year. Additionally, the parties amended the existing partnership agreement for the 419 MW Mesquite Star wind project providing CWEN an additional 27.51% of the project s cash flows after the first half of 2031.