M&A
confidence high
sentiment neutral
materiality 0.60
Clearway Energy subsidiary signs ~$93M agreement to acquire two battery storage projects
Clearway Energy, Inc.
- Base purchase prices: Spindle $45.8M for 199MW BESS in Colorado; Golden Fields $47.2M for 92MW BESS in California.
- Total base consideration approximately $92.96 million in cash, subject to customary working capital adjustments.
- Closing expected in second half of 2026, subject to customary conditions and third-party actions.
- Transaction is with an affiliate of Clearway Energy Group LLC, the Company's sponsor.
- Spindle Battery is a 199 MW BESS under development in Colorado; Golden Fields Solar VI is a 92 MW BESS under development in California.