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On the Record · Clearway Energy

Clearway Energy acquisitions, on the record

The businesses Clearway Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
TSN1 BL Borrower Holdco LLC, the indirect owner of Texas Solar Nova 1
Word for word“On December 28, 2023, the Company, through its indirect subsidiary, Lighthouse Renewable Holdco 2 LLC, acquired TSN1 BL Borrower Holdco LLC, the indirect owner of Texas Solar Nova 1, a 252 MW solar project that is located in Kent County, Texas, from Clearway Renew for cash consideration of $23 million.” 10-K for 2023
acquisitionOn December 28, 2023$23 million
VP-Arica TargetCo LLC, the indirect owner of Victory Pass and Arica
Word for word“On October 31, 2023, the Company, through its indirect subsidiary, VP-Arica Parent Holdco LLC, acquired the Class A membership interests in VP-Arica TargetCo LLC, a partnership and the indirect owner of Victory Pass, a 200 MW solar project that is paired with 50 MW of energy storage, and Arica, a 263 MW solar project that is paired with 136 MW of energy storage, which are both currently under construction in Riverside, California, from Clearway Renew for initial cash consideration of $46 million.” 10-K for 2023
acquisitionOn October 31, 2023$46 million
Capistrano Wind Portfolio
Word for word“Portfolio of wind facilities acquired from Clearway Renew on August 22, 2022, which includes Broken Bow, Cedro Hill, Crofton Bluffs, Mountain Wind 1 and Mountain Wind 2” 10-K for 2024
acquisitionAugust 22, 2022—
Thermal Business
Word for word“Corporate net income includes the $1,290 million gain on the sale of the Thermal Business to KKR, which was completed on May 1, 2022.” 10-K for 2024
divestitureMay 1, 2022$1,290 million gain
Deriva Solar Portfolio
Word for word“On October 3, 2025, the Company entered into a binding agreement to acquire a 613 MW operational solar portfolio located in eight states, or the Deriva Solar Portfolio, from Deriva Energy, LLC for a base purchase price of approximately $305 million in cash, subject to certain customary price adjustments.” 10-K for 2025
agreed acquisitionOn October 3, 2025approximately $305 million in cash
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$0
2017-12-31$0
2018-12-31$11 million
2019-12-31$100 million
2020-12-31$0
2021-12-31$533 million
2022-12-31$0
2023-12-31$0
2024-12-31$0
2025-12-31$324 million

Deal filings since 2016

Read from Clearway Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.