Clearway to buy 210 MW Utah battery storage from affiliate Clearway Energy Group for ~$119M

Clearway Energy, Inc.

Honeycomb 2 Purchaser LLC, a Clearway Energy Inc. subsidiary, will pay a base purchase price of ~$119 million in cash for the membership interests of Honeycomb 2 TargetCo LLC.
Target assets: Escalante BESS II and Escalante BESS III (80 MW AC /320 MWh each) in Beaver County, Utah, and Granite Mountain BESS West (50 MW AC /200 MWh) in Iron County, Utah.
Seller is Honeycomb 2 CE Seller LLC, an affiliate of Clearway Energy Group LLC; at closing CWEN's unit holds 100% of Class A units and Clearway Renew LLC holds 100% of Class C units.
Price is subject to adjustment tied to minimum NPV and minimum average 10-year CAFD yield thresholds, capped at [***] of the base price; closing expected in Q4 2027.
Rosendin Electric signed EPC contracts for the projects on Sept 4, 2026; PacifiCorp capacity agreements and energy storage agreements were signed Sept 29, 2026.

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