Kevin P. Malcarney
announced that Kevin P. Malcarney will retire from his position as Executive Vice President, General Counsel and Corporate Secretary of the Company, effective June 1, 2026
Highest-materiality recent filing
2Q 2026 compensable generation for wind and solar ~5% below volumes needed for FY2026 guidance midpoint.
Net loss of $68M improved from $104M loss in Q1 2025; Adjusted EBITDA $257M vs $252M; CAFD $70M vs $77M.
Clearway Energy eliminates Class A stock; converts all shares to reduced-vote Class C
Class A common stock converted to Class C effective May 1; CWEN.A trading suspended and ticker eliminated.
Board approved Charter Amendment to convert each Class A share into one Class C share; requires 66 2/3% of combined voting power and majority of Class A vote.
Clearway Energy FY2025 Net Loss $231M; Adjusted EBITDA $1.217B; Reaffirms 2026 CAFD Guidance
Net loss $231M vs $63M loss in 2024; Adjusted EBITDA $1.217B vs $1.146B prior year.
Clearway Energy Operating LLC upsizes senior notes offering to $600M at 5.750% due 2034
Initial offering of $500M senior notes due 2034 was announced on Jan 8, 2026; later priced and upsized to $600M.
Corrected immaterial HLBV accounting errors for Q1, Q2, Q3 2025 affecting net loss attributable to noncontrolling interests and retained earnings.
Clearway Energy subsidiary signs ~$93M agreement to acquire two battery storage projects
Base purchase prices: Spindle $45.8M for 199MW BESS in Colorado; Golden Fields $47.2M for 92MW BESS in California.
Net Income $60M, Adjusted EBITDA $385M, CAFD $166M, Cash from Ops $225M.
Clearway Energy acquires ~613 MWac solar portfolio for $305M cash; close expected H1 2026
Acquires 100% of 386-MWac solar projects (5 cos) for $225.8M base purchase price.
Clearway Energy Q2 CAFD $152M, raises dividend 1.6%, updates FY2025 guidance
Q2 2025: Net Income $12M, Adjusted EBITDA $343M, CAFD $152M (vs $187M in Q2 2024).
Clearway Q1 net loss $104M but Adj EBITDA $252M; dividend up 1.7% to $0.4384
Net loss $104M vs $46M in Q1 2024; Adjusted EBITDA rose to $252M from $211M; CAFD $77M vs $52M.
Clearway Energy FY2024 Adj EBITDA $1,146M, CAFD $425M; raises dividend 1.7%
FY2024 Net Loss $63M vs $14M loss in 2023; Adjusted EBITDA $1,146M vs $1,058M YoY.
Clearway Energy Q3 Net Income $27M; raises dividend 1.7%; guides 2025 CAFD $400-440M
Q3 2024 Net Income $27M, Adjusted EBITDA $354M, CAFD $146M.
Clearway Energy Q2 CAFD $187M, up 36% YoY; reaffirms FY guidance, dividend raised 1.7%
Net Income $4M versus $84M year ago; Adjusted EBITDA $353M (+12% YoY).
Clearway Energy subsidiary to acquire solar and battery projects for ~$142.9M
Base purchase price of $89.7M for Luna Valley Solar (200 MW AC solar in Fresno County, CA).
Clearway Energy dismisses EY as auditor, appoints PwC effective upon BlackRock-GIP close
EY dismissed as independent auditor due to loss of independence after BlackRock's acquisition of Global Infrastructure Partners closes.
Clearway Energy Q1 net loss $46M; Adj EBITDA $211M, CAFD $52M; dividend raised 1.7%
Net loss of $46M vs loss $40M in Q1 2023; Adjusted EBITDA $211M down from $218M.
Clearway Energy CEO Chris Sotos to step down June 30; Craig Cornelius named successor
Chris Sotos resigns as CEO and director effective June 30, 2024; separation includes pro-rata 2024 bonus and waiver of non-compete.
Net loss of $14M for FY23 vs $1,060M income in FY22 (prior year included one-time gain from Thermal sale).
Clearway Energy Q3 net income $15M, guides 2024 CAFD $395M, raises dividend 2%
Net income $15M, Adj. EBITDA $323M, Cash from Ops $287M, CAFD $156M.
Clearway Energy Q2 CAFD $137M; cuts 2023 CAFD guidance to $330-360M, raises dividend 2%
Net income $84M in Q2 2023, down from $1,149M in Q2 2022 due to prior-year gain on Thermal sale.
Clearway Energy Q2 wind production 25% below estimates; revenue cut $25-30M
Wind production ~25% below internal median; Alta Wind Complex ~20% below expectations; lowest quarterly reading in history.
Clearway Energy to acquire 159.8 MW Idaho wind project for ~$107M from affiliate
Purchase price ~$107M in cash for 100% of Cedar Creek Holdco, owner of 159.8 MW wind project.
Clearway Q1 net loss $40M; raises dividend 2%, upsizes revolver to $700M
Q1 2023 net loss of $40M vs $97M loss in Q1 2022; Adjusted EBITDA $218M, down from $260M.
Clearway Energy FY2022 Net Income $1,060M; raises pro forma CAFD outlook to $410M; dividend up 2%
Net Income $1,060M (vs -$75M in 2021) includes one-time gain from Thermal sale; Adjusted EBITDA $1,160M.
Clearway Energy subsidiary to acquire 40% interest in 649 MW CA solar+storage projects for ~$227.8M
Subsidiary entered agreement to buy 40% membership interest in VP-Arica TargetCo for ~$227.75M cash.
Clearway Energy Q3 Net Income $62M; cuts 2022 CAFD guidance to $350M; initiates 2023 guidance $410M
Net Income $62M, Adjusted EBITDA $322M, CAFD $154M for Q3 2022.
Clearway amends $495M revolver change-of-control definition for TotalEnergies deal
Seventh Amendment to revolving credit facility alters Change of Control definition to include TotalEnergies SE and affiliates.
Net income $1,149M includes $1.29B gain from Thermal sale; adjusted EBITDA $366M, CAFD $176M.
Clearway Energy CFO Chad Plotkin resigns; stays through Aug 2
Chad Plotkin informed Clearway of his resignation as EVP and CFO effective around filing of Q2 10-Q.
Clearway Energy Q1 net loss $97M; closes Thermal sale, updates 2022 CAFD guidance to $365M
Net loss $97M vs $76M year ago; Adjusted EBITDA $260M vs $198M; CAFD -$2M vs -$15M.
announced that Kevin P. Malcarney will retire from his position as Executive Vice President, General Counsel and Corporate Secretary of the Company, effective June 1, 2026
On November 20, 2024, Clearway Energy, Inc. (the “ Company ”) received a notice of resignation from Guillaume Hédiard, informing the Company of his intention to resign from the board of directors (the “ Board ”) of the Company effective as of the close of business on December 4, 2024.
On October 10, 2024, Vincent Stoquart informed Clearway Energy, Inc. (the “ Company ”) of his intention to resign from the board of directors (the “ Board ”) of the Company effective as of the close of business on October 23, 2024.
Christopher S. Sotos informed Clearway Energy, Inc. (the “Company”) on April 30, 2024 that, effective as of June 30, 2024, he will move on from his position as President and Chief Executive Officer of the Company and resign from his role as a member of the Board of Directors (the “Board”) of the Company.
the Board elected Craig Cornelius to serve as a member of the Board and appointed Mr. Cornelius to serve as the Chief Executive Officer of the Company, in each case effective as of the Effective Date.
Christopher S. Sotos informed Clearway Energy, Inc. (the “Company”) that, effective as of June 30, 2024 (the “Effective Date), he will move on from his position as President and Chief Executive Officer of the Company and resign from his role as a member of the Board of Directors
On April 12, 2023, Sarah Rubenstein was appointed as Executive Vice President and Chief Financial Officer of Clearway Energy, Inc. (the “Company”).
On August 3, 2022, Sarah Rubenstein was appointed as the principal financial officer for Clearway Energy, Inc.
On June 24, 2022, Chad Plotkin informed Clearway Energy, Inc. (the “Company”) of his intention to resign from his position as Executive Vice President and Chief Financial Officer of the Company to pursue another opportunity.
On December 6, 2021, Scott Stanley informed Clearway Energy, Inc. (the “ Company ”) of his intention to retire from the board of directors (the “ Board ”) of the Company effective as of such date.
Max materiality 0.85 · Median 0.65 · Most common event earnings