Who owns Clearway Energy Group (CEG)?

Paris, May 25, 2022 – TotalEnergies announces the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the 5 th US renewable energy player. This constitutes its largest acquisition in the renewable energy in the United States, one of the top 3 renewable markets in the world.

Who is Clearway Energy?

Clearway Energy, Inc. is one of the largest renewable energy owners in the US with over 4,700 net MW of installed wind and solar generation projects. Clearway Energy’s over 8,000 net MW of assets also includes approximately 2,300 net MW of environmentally-sound, highly efficient natural gas generation facilities.

Does totalenergies own Clearway Energy Group?

The deal increases TotalEnergies’ renewable portfolio in the US to more than 25GW. French oil and gas company TotalEnergies has agreed to acquire a 50% stake in the US-based Clearway Energy Group (CEG) from Global Infrastructure Partners (GIP) for $1.6bn.

Is Clearway Energy a good investment?

Clearway Energy’s over 8,000 net MW of assets also includes approximately 2,300 net MW of environmentally-sound, highly efficient natural gas generation facilities. Through this environmentally-sound diversified and primarily contracted portfolio, Clearway Energy endeavors to provide its investors with stable and growing dividend income.

What makes Clearway a good EPC company?

As the owner and operator of our clean energy facilities, we seek to design and build systems that meet or exceed safety and performance expectations. Clearway maintains an industry-leading level of quality assurance in our EPC management processes and we partner with the most capable EPC firms in the industry.

Is Clearway a sustainable company?

Clearway is committed to sustainability in all aspects of our operations and governance. We are guided by our operating principles and a robust framework of policies that ensure our actions are fair, balanced, and ethical. Read our ESG Report