Clearway enterprise announces agreements for 1.6 gw portfolio of renewable energy assets

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.
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