Clearway Energy (NYSE: CWEN) — Company Overview, News & Financial Data
Clearway Energy specializes in renewable energy generation, operating wind, solar, and natural gas projects to deliver sustainable solutions.
Clearway Energy
Clearway Energy is a North American clean energy company focused on owning and operating renewable power generation assets and flexible dispatchable power facilities. The company operates a portfolio of approximately 13.9 gigawatts of gross capacity spanning 27 states across the United States. Its assets include wind, utility-scale solar, and battery energy storage systems, along with conventional natural gas-fired power generation assets that provide essential grid reliability. Clearway Energy contracts the majority of its electric generation output under long-term power purchase agreements with creditworthy counterparties, including utilities, municipalities, and corporate buyers, providing predictable cash flows from clean power generation.
Snapshot
Operations
Products and/or services of Clearway Energy
- Wind Generation: Ownership and operation of utility-scale onshore wind power farms across multiple U.S. states, supplying bulk zero-emission electricity under long-term power purchase agreements to electric utilities and commercial off-takers.
- Solar Power Generation: Operation of utility-scale photovoltaic solar energy generation facilities and community solar installations across the United States, providing contracted renewable electricity to municipal utilities, corporate customers, and regional power grids.
- Battery Energy Storage Systems: Deployment and operation of utility-scale battery energy storage systems integrated with renewable energy assets or operating standalone to provide grid stability, capacity backup, and energy time-shifting services across power markets.
- Flexible Dispatchable Power: Operation of natural gas-fired dispatchable thermal power generation facilities that deliver critical capacity, voltage support, and fast-ramping power generation to maintain electric grid reliability during peak demand periods.
- Long-Term Power Purchase Agreements: Structure and execution of long-term power purchase contracts, capacity sales agreements, and renewable energy credit off-take structures with creditworthy utility, industrial, and municipal power buyers across North America.
- Asset Drop-Down Acquisitions: Acquisition and integration of fully developed and operational clean power generation assets and storage facilities from sponsoring development partners to expand total operational generating capacity and contracted cash flows.
Clearway Energy executive team
- Mr. Craig CorneliusCEO, President & Director
- Ms. Sarah RubensteinExecutive VP & CFO
- Mr. Kevin P. MalcarneyExecutive VP, General Counsel & Corporate Secretary
- Mr. Michael Jay StanfordVice President of Accounting
- Julie BabcockSenior Environmental Manager
- Ms. Aarty JoshiDirector of Environmental Permitting