Clearway Energy Acquires 613-MW Solar Portfolio from Deriva

• Clearway Energy boosts its renewable portfolio with a 613-megawatt solar acquisition, reinforcing its commitment to sustainable energy growth.

Clearway Energy Inc. (NYSE:CWEN), a US-based clean power producer, has announced an agreement to acquire a 613-megawatt portfolio of operational solar parks from Deriva Energy LLC. This acquisition aligns with Clearway's strategy to expand its renewable energy assets and enhance its position in the clean energy sector.

The portfolio consists of several solar facilities that are already operational, contributing to Clearway's growing capacity in solar energy production. This move is expected to bolster Clearway's renewable energy footprint and support its commitment to sustainable energy solutions. The financial terms of the deal have not been disclosed.

How will Clearway's acquisition of Deriva's solar parks impact its renewable energy strategy?

• Strengthens Clearway's position as a leading clean energy provider by increasing its solar energy capacity.
  
• Enhances Clearway's portfolio diversification, reducing reliance on any single energy source.
  
• Accelerates Clearway's growth trajectory in the renewable energy sector.
  
• Provides immediate operational benefits due to the acquisition of already functioning solar parks.
  
• Supports Clearway's long-term sustainability goals and commitment to reducing carbon emissions.
  
• Increases potential for future investments and partnerships in the renewable energy market.
  
• Improves Clearway's competitive edge by expanding its asset base in a rapidly growing industry.
  
• Aligns with global trends towards increased adoption of renewable energy sources.