Reported 2 days ago
Clearway Energy has signed a binding agreement to acquire a 613 MWac solar portfolio from Deriva Energy, covering eight states and primarily focusing on the CAISO and PJM markets. The transaction involves a joint venture with Fengate Asset Management for part of the portfolio and is expected to involve a capital investment of $210M-230M. Set to be completed by Q2 2026, the acquisition is projected to generate an annual cash flow of approximately $27M starting January 2027.
Source: YAHOO