Clearway energy, inc. announces sale of its thermal business to kkr

Princeton, n.j., oct. 25, 2021 (globe newswire) -- clearway energy, inc. (nyse: cwen, cwen.a), through its subsidiary clearway energy operating llc, (the “company”), today announced it has entered into a binding agreement to sell its thermal business to kkr for total consideration of $1.9 billion, subject to closing adjustments. based on current estimates, the company expects total net cash proceeds of approximately $1.3 billion as a result of the transaction1.
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