Clearway Secures Over $1 Billion in Corporate Credit Facilities

SAN FRANCISCO – Clearway Energy Group (“Clearway”), which owns one of the largest fleets of non-regulated renewable energy assets in the United States, announced today that it secured corporate credit facilities totaling over $1 billion. Natixis Corporate and Investment Banking (Natixis CIB) acted as Coordinating Lead Arranger and is Administrative Agent for the facilities.

“This upsized financing underscores Clearway’s outstanding track record of development execution and is underpinned by solid fundamentals that drive our business today,” said Max Gardner, Treasurer and Senior Vice President of Corporate Finance at Clearway. “These facilities provide us with the financial headroom and flexibility we need to grow and capitalize on the opportunities ahead of us. We thank Natixis and our financial partners for their continued confidence, partnership, and support of our business.”

The corporate credit facilities consist of a $400 million revolving credit facility, a $350 million letter of credit facility, and a $169 million term loan. Additional banks participating in these facilities include Joint Lead Arrangers Canadian Imperial Bank of Commerce, KeyBank, MUFG Bank, National Australia Bank, Royal Bank of Canada, and Societe Generale, as well as Mandated Lead Arrangers Banco Bilbao Vizcaya Argentaria, Cooperatieve Rabobank, DNB Capital LLC, Desjardins Group, Truist Bank, as well as participating lenders Banco Santander and The Toronto-Dominion Bank. Natixis CIB also provided an additional $100 million letter of credit facility.

Clearway provides renewable power under long-term offtake contracts to corporate, residential, and wholesale customers, including utilities, municipalities, cooperatives, and competitive retail providers. The company’s 30-gigawatt pipeline includes solar, wind, and battery storage across 28 states.

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About Clearway Energy

Clearway Energy Group’s vision is a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the U.S. and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 11.8 GW of gross capacity in 26 states, including approximately 9.1 GW of wind, solar and battery energy storage systems and approximately 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide its investors with stable and growing dividend income. Clearway Energy, Inc.’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by its controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.com.