SAN FRANCISCO – Clearway Energy Group (“Clearway”) announced today that it closed $550 million in construction financing and started construction on its Rosamond South I solar and storage project in Kern County, California. Once complete, the 140 MW solar and 118 MW storage project will generate enough electricity to power over 63,000 homes every year.

“Kern County has long served as a critical provider of our country’s energy,” said Brooks Friedeman, Vice President of Capital Markets at Clearway. “We are pleased to invest in and help continue Kern County’s energy leadership legacy through our Rosamond South solar and storage project, which will provide reliable and low-cost power when needed most.”

Rosamond South 1, which is referred to as Golden Fields Solar IV LLC by its offtakers, is under long-term contracts with several California load-serving entities, including 15-year agreements with MCE, The University of California, Rancho Cucamonga Municipal Utility, Eastside Power Authority, and City of Moreno Valley.

To finance the $550 million construction loan for the solar and storage projects, Clearway assembled a bank consortium consisting of Societe Generale, Australia and New Zealand Banking Group Limited Siemens Financial Services, Commerzbank, CoBank, DNB Bank ASA, and Nord/LB.

More than 400 union labor jobs will be created during construction, which is being led by the engineering, procurement, and construction (EPC) contractor McCarthy Building Companies, Inc. Labor partners included Laborers Union 220, Southwest Regional Council of Carpenters, Operating Engineers Local 12, IBEW Local 428, Ironworkers Local 416 and Local 433.

The project is expected to reach commercial operations in 2025 and will bring Clearway’s operating footprint in Kern County to over 1,500 MW of wind, solar, and energy storage, which together contribute over $20 million in property taxes to the county each year.

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SAN FRANCISCO – Clearway announced today that the 147 megawatt (MW) Rosamond Central Battery Energy Storage System (“BESS”) in Kern County has reached commercial operations. Rosamond Central BESS was developed and will be operated by Clearway Energy Group and owned by its public affiliate, Clearway Energy, Inc. (NYSE: CWEN, CWEN.A). Rosamond Central BESS comprises 4-hour lithium-ion batteries and is located adjacent to Clearway’s 192 MW Rosamond Central solar farm, which was completed in 2020. The project represents Clearway’s latest investment in its nearly 850 MW battery energy storage portfolio in operation and construction.

“Battery storage projects like Rosamond Central BESS play an essential role in delivering on California’s Resource Adequacy program to keep the lights on for homes and businesses across the state during peak hours,” said Valerie Wooley, SVP of Origination at Clearway. “We are proud to partner with SCE on our first battery retrofit project, which builds on our existing renewables fleet and natural gas portfolio in the region and provides the grid reliability and resiliency needed to meet growing demand in SCE’s service territory.”

Rosamond Central BESS is contracted with Southern California Edison (“SCE”) under a long-term resource adequacy (“RA”) agreement. Clearway has partnered with SCE on over 1.5 GW of renewable projects, including the Alta Wind complex and the more recent Luna Valley solar project currently under construction.

Rosamond Central BESS represents a $400 million investment in Kern County and is one of the first battery energy storage projects financed under the Inflation Reduction Act’s energy community bonus incentive. Over 50 union craftworkers contributed to construction with more than 115,000 hours of injury-free labor. Community engagement activities during construction included donations to the Rosamond Kern County Library’s S.T.E.M. programs the Rosamond Little League, and Rosamond High School’s S.T.E.A.M program.

Construction was led by Rosendin and the battery energy storage systems for the project were supplied by Wärtsilä.

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SAN FRANCISCO – Clearway Energy Group (“Clearway”) announced today that it signed a 25-year power purchase agreement (“PPA”) with Puget Sound Energy (“PSE”) for the Haymaker wind farm, a 315 MW facility under development in Wheatland and Meagher counties Montana. Once operational, Haymaker will generate enough electricity to power approximately 116,000 homes each year.

“We are proud to partner with Puget Sound Energy in delivering low-cost clean energy to their customers and supporting their ambitious renewable energy goals,” said Valerie Wooley, Senior Vice President of Origination at Clearway. “Reinforced by the Inflation Reduction Act, Haymaker represents a major investment in central Montana’s economy, and we’re eager to work with the community through development, construction, and our long-term stewardship of the project.”

“This agreement with Clearway helps us meet some of the most ambitious laws in the nation while delivering on our customer’s expectations for energy that is clean as well as safe, reliable and affordable,” said Ron Roberts, PSE’s senior vice president of Energy Resources. “We are proud to be a partner in developing Montana’s wind resources and this is yet another milestone in our continued investment in the state’s energy economy.

Haymaker is expected to provide millions in landowner payments and over $100 million in property tax revenue over the life of the project. Hundreds of well-paying union labor jobs will be created during construction and a permanent local workforce will operate and maintain the site.

Construction of Haymaker Wind is scheduled to begin in 2026, with commercial operations expected by 2028.

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SAN FRANCISCO – Clearway Energy Group (“Clearway”) announced today that it closed more than $700 million in construction financing and has begun construction on two major energy projects in Fresno and San Bernardino counties in California. Luna Valley is a 200 MW solar project in Fresno County. Daggett Storage is a 113.5 MW standalone battery energy storage project in San Bernardino County and is the final phase of the 482 MW Daggett Solar + 394 MW Storage complex.

“Luna Valley and Daggett 1 represent two major steps forward in California’s path to a reliable, affordable, and clean electric grid,” said Brooks Friedeman, VP of Capital Markets at Clearway. “We are grateful to our financial partners, customers, and local communities for their continued support for these investments.”

San Diego Gas & Electric (SDG&E) contracted equal amounts of solar power and energy storage from each of the Luna Valley and Daggett Storage 1 projects under 15-year agreements to achieve a virtually paired hybrid contract. Luna Valley’s remaining solar capacity is contracted under 20-year agreements with Southern California Edison and Power & Water Resources Pooling Authority.

Clearway assembled a bank consortium consisting of Nord/LB, Societe Generale, KeyBanc Capital Markets Inc., DNB, and ANZ to provide construction financing for the two projects.

Clearway has been a leading catalyst in transforming the state’s clean energy economy, putting more than 2,300 MW of solar plus storage projects into construction and operation in California alone over the last 5 years.

Construction is being led by Blattner. Once complete, Luna Valley Solar will generate enough reliable electricity to power more than 80,000 homes every year. Both projects are scheduled to reach commercial operations in 2025.

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SAN FRANCISCO — Clearway Energy Group (“Clearway”) announced today that it closed financing and began repowering construction of its Cedro Hill wind farm in Webb County, Texas. The repower will increase Cedro Hill’s capacity to 160 MW from 150 MW today. Once complete, the repowered project will generate enough electricity to power nearly 40,000 homes during peak hours.

“Our Cedro Hill repowering is our most recent example of how Clearway is upgrading its sizeable existing fleet to deploy resilient, state-of-the-art technology on sites that have proven, high-quality wind resources,” said Chris Fox, Senior Vice President of Construction at Clearway Energy Group. “As a long-term owner and operator, we are pleased that repowerings like Cedro Hill deliver decades of more value for our local landowners and communities.”

This project will mark Clearway’s fifth wind farm repower in Texas and sixth across its portfolio, amounting to over 700 MW of upgrades to deploy resilient, state-of-the-art technology on sites with strong wind resources.  

The Cedro Hill repower represents a $269 million investment in South Texas. Upon completion, the repower will add another fifteen years to the project’s operating life and extend property taxes and landowner payments to Webb County by $27 million.

The repower will replace the blades and nacelle with General Electric (GE) equipment across the site’s 100 turbines, and responsibly manage all replaced equipment. In collaboration with Wanzek Construction, Inc., a MasTec Renewables company, Clearway is undertaking efforts to ensure that existing materials, including fiberglass, are recycled or diverted from landfills. Over 200 skilled laborers will support construction. 

Cedro Hill was originally built and commissioned in 2010, with its generated power sold under a long-term power purchase agreement with CPS Energy, the largest municipal electric and gas utility in the nation, serving the city of San Antonio, Texas, and one of the nation’s largest municipal buyers of wind energy. As part of the repowering, CPS Energy extended its existing agreement to support its commitment to growing its renewable energy portfolio. CPS Energy continues to benefit from 100% of the power generated by the Cedro Hill wind farm.

To finance the repowering, Clearway raised $261 million in construction, term loan, and letter of credit facilities from a bank consortium including DNB Markets, Inc. (“DNB”), Canadian Imperial Bank of Commerce, New York Branch (“CIBC”), National Australia Bank Limited (“NAB”) and Deutsche Zentral-Genossenschaftsbank, New York branch (“DZ”).

“MasTec Renewables is looking forward to another successful project with Clearway Energy Group,” said Brendon Lamppa, Director of Construction, MasTec Renewable. “This will be the third overall, but the first repower project that the teams will have worked together on. This is a unique opportunity given the fact that MasTec Renewables’ legacy personnel performed the original build in 2010. The repower aspect also brings a recycling component into the equation. All 100 existing hubs and 300 existing blades will be removed, cut on-site, and shipped to a recycling facility to be processed for beneficial reuse.” 

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SAN FRANCISCO — Clearway Energy Group (“Clearway”) announced today that it closed $174 million in construction financing and has begun construction on Dan’s Mountain, a 55 MW wind farm in Allegany County, Maryland.

Dan’s Mountain is the first new onshore wind farm to be constructed in Maryland in nearly ten years and is expected to increase the state’s wind energy generating capacity by nearly 30 percent. The wind farm is a $180 million investment in Western Maryland and is anticipated to generate tens of millions in tax revenue for the local community throughout the project’s life. Part of the project will be constructed on former coal strip mining land, a notable example of the Appalachian region’s opportunity and role in the energy transition.

“The Dan’s Mountain wind project represents an exciting opportunity to bring the economic, workforce, and low-cost energy opportunities of wind power to Western Maryland,” said Brooks Friedeman, Head and Managing Director of Capital Markets at Clearway. “We’re thrilled to begin construction on a twenty-first-century infrastructure project that will support over 100 local union jobs and become one of the largest taxpayers in Allegany County. We thank our financing partners and the many other project participants who made this project possible.”

The Dan’s Mountain project is fully contracted under a long-term power purchase agreement (PPA) with Maryland-based Constellation to deliver clean, low-cost power to the region. Once completed, Dan’s Mountain will generate enough electricity to power nearly 24,400 homes.

“The Dan’s Mountain wind project aligns with our mission to be at the forefront of the nation’s climate crisis response and we’re proud to team up with Clearway to support the development of additional carbon-free generation in our home state of Maryland,” said Jim McHugh, chief commercial officer, Constellation. “We look forward to leveraging this added clean capacity to help our customers deliver on their sustainability and emissions reduction goals.”

To finance the construction of the wind farm, Clearway assembled a bank consortium consisting of Societe Generale, Natixis, and Australia and New Zealand Banking Group (ANZ). The credit facilities provided by these three lenders totaled $174 million, consisting of construction loans and letters of credit.

Clearway also announced the launch of the Dan’s Mountain Community Benefit Fund, which will activate in late 2024 when the project reaches commercial operations. The project’s annual fund will be available to local brick-and-mortar organizations through a grant application cycle. The Community Benefit Fund models Clearway’s successful programs at its Black Rock and Pinnacle wind projects in West Virginia, which together have provided more than $400,000 to local community initiatives since 2011.

The project will be built under a project labor agreement, and approximately 15 percent of total worked hours will be fulfilled by apprentices made possible by the Inflation Reduction Act. The project is expected to create over 100 union construction jobs in partnership with the Western Maryland Building and Construction Trades Council, AFL-CIO.

Construction is being led by White Construction, a MasTec Renewables company, and wind turbines will be supplied by GE Vernova.

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 About Constellation

A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations, and public sector customers across the continental United States, including three-fourths of Fortune 100 companies. With an annual output that is nearly 90% carbon-free, our hydro, wind, and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are further accelerating the nation’s transition to a carbon-free future by helping our customers reach their sustainability goals, setting our own ambitious goal of achieving 100% carbon-free generation by 2040, and investing in promising emerging technologies to eliminate carbon emissions across all sectors of the economy. Follow Constellation on LinkedIn and Twitter.

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SAN FRANCISCO — Clearway Energy Group (“Clearway”) announced today that Victory Pass and Arica solar and storage projects in Riverside County, California, have been placed in service. The projects’ combined capacity of 463 MW solar and 186 MW battery storage will generate enough electricity to power 205,000 homes.

“We are delighted to bring online the Victory Pass and Arica solar and energy storage complex and begin providing cost-competitive clean energy for California homes and businesses with these projects,” said Valerie Wooley, SVP of Origination at Clearway. “This pair of solar and storage projects will enhance the state’s energy grid by providing reliable power when it’s needed most. We are immensely grateful to the eight Victory Pass and Arica customers, whose long-term commitments to procuring clean, reliable energy made this all possible.”

Victory Pass is contracted with Silicon Valley Clean Energy (SVCE) and Central Coast Community Energy (3CE). Arica is contracted with Clean Power Alliance (CPA), Peninsula Clean Energy (PCE), MCE, Southern California Edison (SCE), an affiliate of NRG Energy, Inc., and PepsiCo (NASDAQ: PEP).

“SVCE is building a balanced portfolio to deliver on our commitment of delivering clean, affordable, and reliable electricity,” said SVCE CEO Monica Padilla. “The Victory Pass project is a valuable addition to this portfolio as it bolsters reliability by providing clean energy when it is in highest demand.”

“We are on a path to provide 100% clean and renewable energy to homes and businesses throughout California’s Central Coast,” said Robert Shaw, CEO of Central Coast Community Energy. “The new generation and storage capacity provided by the Victory Pass project represents important progress toward our renewable energy future. These projects further demonstrate the importance of environmental responsibility in the planning and construction of utility-scale renewable energy projects.”

“Increasing our 24/7 renewable power capabilities is critical to helping our region address a rapidly changing climate,” Peninsula Clean Energy CEO Shawn Marshall said. “This project helps us by producing and storing emission-free solar power that can be used day or night throughout the year.”

Together, Arica and Victory Pass represent a $1 billion investment in Riverside County. In addition, over the life of the projects, Arica and Victory Pass will contribute a combined $25.8 million in taxes that support local schools, hospitals, emergency response, and other public services. During construction, the projects created 1,000 union jobs and will support a permanent workforce throughout operations.

These projects add to Clearway’s footprint in Riverside County, where the company now has over 1.2 GW of operating renewable and storage assets across five utility-scale solar projects and four distributed solar installations, in addition to the Arica and Victory Pass solar and storage complex.

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SAN FRANCISCO — Clearway Energy Group (“Clearway”) announced today that Cedar Creek Wind, its first project in Idaho, has reached commercial operations. The 152 megawatt wind farm in Bingham County will generate enough electricity to power 62,000 homes annually.

“We are excited to celebrate commercial operations at Cedar Creek Wind,” said Chris Fox, VP of Construction at Clearway. “This project represents Clearway’s first clean energy project in Idaho.   We’re pleased to introduce a major infrastructure investment in the state which has provided significant construction jobs and which will strengthen Idaho’s economic and energy future through the project’s many years of operations. We are delighted to be a part of the Bingham County community.”

The start of operations commences Clearway’s 25-year power purchase agreement (PPA) with PacifiCorp, which does business as Rocky Mountain Power in southeastern Idaho, ensuring the delivery of clean energy to PacifiCorp customers and helping advance its sustainability goals. Clearway’s portfolio with PacifiCorp totals over 840 MW including 549 MW of solar and wind in Utah, 141 MW of wind in Wyoming, and now 152 MW in Idaho, representing a continuation of Clearway and PacifiCorp’s longstanding relationship.

Cedar Creek Wind represents a $250 million investment in Idaho’s economy, creating 175 jobs during construction with over 250,000 hours of injury-free labor. The Cedar Creek team participated in community events throughout construction, including through donations to the Firth School District and Heart 2 Hand Bingham Food Pantry.

“We are thrilled to see the completion of the Cedar Creek Wind project, originally approved in 2008, come to fruition. Although we understand the clean energy movement can be challenging to accept for some, this long-term investment will provide 3% of the gross wind energy earnings to be returned to the County and taxing districts in the project area which will benefit many County residents,” said Tiffany Olsen, Director of Bingham County Planning & Development. “We welcome the economic diversity and local workforce created during construction and through the ongoing project operations. Not only did Clearway and Wanzek Construction, Inc. contribute to the local economy by immersing themselves in our County and all that it has to offer, but they have also made an impression in our community by donating 250 backpacks to The Village Foster Care Closet as well as winter coats to the Firth School District.  We appreciate their commitment to being a good neighbor and look forward to the project’s long-term success and continued investment in our County.”

Wanzek Construction, Inc., a MasTec Renewables company, managed the construction of the project.

Clearway originally acquired Cedar Creek Wind from rPlus Energies in 2021.

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SAN FRANCISCO – Clearway Energy Group (“Clearway”) announced today the completion of its 452 MW Texas Solar Nova complex in Kent County, Texas. The project, completed in two phases, will generate enough electricity to power over 190,000 homes each year. The $660 million investment in West Texas will contribute significantly to the local tax base, starting with an estimated $5.4 million in property taxes and wages to be paid in the first year.

“We are incredibly grateful for our partnerships with local officials, suppliers, construction partners, and customers that made this project possible,” said Valerie Wooley, SVP of Origination at Clearway. “The Texas Solar Nova complex is delivering new renewable power to the ERCOT grid, thanks to the ongoing dedication of our partners. We thank Verizon, SKF, and Toyota Boshoku America, among others, for partnering with Clearway to help meet their own decarbonization goals.”

Clearway’s Texas Solar Nova offtake agreements will support Verizon in achieving its target to source the equivalent of fifty percent of its total annual electricity consumption with renewable energy by 2025, and ultimately achieve its goal of net zero emissions in its operations by 2035. These agreements also support Citizen Verizon, the company’s responsible business plan for economic, environmental, and social advancement.

“Clearway has been an outstanding partner to Verizon as we continue to work to meet our goals around climate protection,” said Jim Gowen, SVP, Global Supply Chain & Sourcing, and Chief Sustainability Officer at Verizon.“Through these purchase agreements with Clearway, we are proud to continue to accelerate the greening of the U.S. electrical grid.”

A portion of the renewable attributes from the solar projects will also go toward supporting SKF and Toyota Boshoku America in achieving their respective decarbonization goals through Renewable Energy Certificate (“REC”) purchases.

“SKF’s long-term agreement to purchase RECs from Clearway’s solar complex in Kent County not only enables us to secure one hundred percent renewable electricity for all our operations in the U.S. and Canada but also represents a significant investment in the green energy sector. This marks a crucial milestone in our sustainability journey for North America, and for SKF globally, bringing us a step closer to our goal to decarbonize our global operations by 2030 and forming an important element of our net-zero strategy.” said Rob Jenkinson, Net Zero Manager at SKF Group.

“Toyota Boshoku America is excited to partner with Clearway as a REC buyer for this solar project. The project embodies our core values of doing what is right and contributing to society on a path towards a more sustainable future. It also supports our overall decarbonization goals by offsetting one hundred percent of our annual energy consumption in the United States and Canada by 2026.” said Ryan Hunt, Vice President of Production Control at Toyota Boshoku America.

More than 400 craftworkers contributed to the Texas Solar Nova complex with more than 500,000 hours of injury-free labor. The project is built on approximately 5,000 acres of land with over 1.1 million solar panels.

Clearway and its construction partner, Mortenson, supported several local organizations during construction, including the Texas Leadership Charter Academy-Secondary campus, the Spur Texas Community Food Bank, school supply drives, and fundraisers for local community parks.

In connection with the construction and operation of these facilities, Clearway assembled a bank consortium consisting of Natixis, DNB, MUFG, NordLB, and Societe Generale for a total of approximately $700 million of construction financing commitments and $182 million of term loan commitments. Clearway arranged tax equity for the project, as well as cash equity from HASI (NYSE: HASI) in partnership with Clearway Energy, Inc. (NYSE: CWEN, CWEN.A).

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