Clearway Energy Names Steven Ryder as CFO

Clearway Energy agreed to acquire Utah battery storage projects totaling 210 MW for ~$119M, with closing expected in Q4 2027. The deal expands its energy storage portfolio, according to the company.

Clearway Energy Group has begun construction on the 650-MW Swan Energy Center in Missouri, its first project in the state. The $1.5B facility, set to start operations in 2028, is backed by a 20-year power purchase agreement and a 30-year tax agreement with Bates County, generating $80M in local revenue. The project will create up to 500 jobs and use U.S.-made solar panels, with plans for environmental conservation.

Clearway has secured $1.5B in financing for a 650MW Missouri solar project, partnering with Blattner Energy. The project, expected to create 500 jobs, is backed by a bank consortium. Clearway Energy, Inc. operates 14GW of capacity across 27 states, with Q2 2026 solar generation up 28% year-over-year.

Clearway Energy (CWEN) appointed Steven Ryder as CFO, who will also retain his role as CFO of Clearway Group, while Sarah Rubenstein moves to lead a digital transformation office. The company projects $2.2B in revenue and $110.1M in earnings by 2029, with analysts suggesting potential upside. The reshuffle may impact capital deployment and project funding decisions.

Clearway Energy (NYSE:CWEN) signed a 1.2 GW deal with Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) for renewable power, with projects starting in 2027-2028. The company also secured PPAs for legacy wind farms, doubling prior pricing. Clearway expects 5%-8%+ CAFD growth through 2030, with potential for further growth via data center power investments. It offers a high-yield dividend and stable returns, contrasting with more volatile AI power plays.

Maine PUC selected Clearway Energy to develop an 800 MW wind project and Avangrid to build a transmission line. The project is expected to save Maine customers $387M and create jobs. The PUC will buy 600 MW, with the rest going to other New England states.