Acquisitions are a key focus of Clearway Energy’s business strategy
The organization’s main business strategy is to grow through acquiring new generation assets. Clearway Energy Inc. (Clearway Energy) spent over $700.0 million in 2021 alone to acquire several renewable energy projects, largely surrounding wind and solar power. Most significant of all for the year was the company’s $335.0 million acquisition of the remaining 50.0% equity interest of a solar energy project in Utah. This acquisition includes the purchase of seven utility-scale solar farms representing 530 megawatts (MW) of capacity. Clearway Energy also paid $202.0 million to acquire a 35.0% equity interest in a 290 MW solar project based in Dateland, AZ that year.
ESG|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.