Clearway Energy to acquire 159.8 MW Idaho wind project for ~$107M from affiliate

Clearway Energy, Inc.

Purchase price ~$107M in cash for 100% of Cedar Creek Holdco, owner of 159.8 MW wind project.
Seller is Renew Development HoldCo LLC, an affiliate of Clearway Energy Group; related-party transaction.
Closing expected in first half of 2024, subject to customary conditions and third-party approvals.
Tax equity investor will invest in TE Holdco at closing, splitting interests into Class A and Class B.
Full Purchase Agreement filed as Exhibit 10.1 with redactions for competitive reasons.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clearway Energy, Inc. entered into Membership Interest Purchase Agreement with Renew Development HoldCo LLC valued at approximately $107 million in cash (effective 2023-05-19).

Action: entry
Agreement: asset purchase
Counterparty: Renew Development HoldCo LLC
Value: approximately $107 million in cash
Effective: 2023-05-19

Exact text from the filing

On May 19, 2023, Cedar Creek Wind Holdco LLC (the “ Purchaser ”), a subsidiary of Clearway Energy, Inc. (the “ Company ”), entered into a Membership Interest Purchase Agreement (the “ Purchase Agreement ”) with Renew Development HoldCo LLC (the “ Seller ”), an affiliate of Clearway Energy Group LLC.

View on SEC.gov

75 material agreements filed in the last 30 days. Browse all material agreements →

Clearway Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-064128

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.