Clearway Energy unit to buy 650 MW Swan Solar project in Missouri from CEG affiliate for $230M base price

Clearway Energy, Inc.

Swan Purchaser LLC, a Clearway Energy subsidiary, will acquire Swan TargetCo interests from Swan CE Seller LLC under a Sept 23, 2026 Membership Interest Purchase Agreement.
Base purchase price is about $230 million in cash, subject to adjustments under a financial model designed to hit minimum NPV and average 5-year CAFD yield thresholds.
Swan Solar is developing a 650 MWac solar photovoltaic facility in Bates County, Missouri; EPC contract dated Aug 27, 2026 with Blattner Energy LLC.
Closing expected in Q3 2028, subject to customary conditions and third-party actions; Purchaser gets 100% of Class A units and CEG's Clearway Renew LLC keeps Class C units.
Purchase-price increases are capped, excluding gains from capacity sales or project upsizing; the deal also references a BESS project, tax equity agreements and a new Financing Agreement.

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