CWEN

Clearway Energy, Inc. is a publicly traded renewable energy company owning and operating utility-scale wind, solar, and energy storage projects across the United States. The company generates revenues primarily through long-term power purchase agreements with utilities, corporations, and other counterparties purchasing electricity from its renewable energy assets. Clearway operates wind farms, solar facilities, and battery storage projects providing clean energy to the grid. The company is sponsored by Global Infrastructure Partners and provides investors with exposure to contracted renewable energy cash flows. Headquartered in San Francisco, California, Clearway was formed through the combination of renewable energy assets from NRG Energy. The company benefits from long-term contracts providing revenue visibility, inflation protection in many contracts, and growing demand for renewable energy. Clearway pays quarterly dividends to shareholders funded by operating cash flows from its renewable energy portfolio. The company faces merchant price exposure on a portion of output, contract renewal risks, asset performance variations, and financing costs. Clearway continues to pursue drop-down acquisitions of renewable energy assets from its sponsor, optimize existing operations, and contract new projects to grow its renewable energy platform and dividends.