Clearway Energy

Clearway Energy

Develops and operates utility-scale solar, wind

About Clearway Energy

Simplify's Rating
Why Clearway Energy is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$821.5M

Headquarters

San Francisco, California

Founded

2018

Overview

Clearway Energy Group develops and operates renewable energy projects across the United States, including utility-scale solar and wind farms and community solar programs. It owns, develops, and runs solar and wind facilities, selling the electricity they generate to utilities and other large energy customers through long-term power purchase agreements (PPAs). This provides steady revenue and helps customers transition to clean energy. The company also has a controlling interest in Clearway Energy, Inc., acting as a sponsor that develops projects and provides administrative support. Compared with many competitors, Clearway Energy Group emphasizes owning and operating a large portfolio of projects (over 350) and carefully selecting EPC partners to ensure safety and performance. Its goal is to deliver clean, reliable, and affordable energy while advancing the energy transition for utilities, corporations, and communities.

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Simplify's Take

What believers are saying

  • Honeycomb Utah project adds 869 MW total fleet, strengthening grid stability positioning.
  • Tesla Megapack procurement of 490 MW/1,356 MWh expands storage capacity nationwide.
  • Corporate credit facilities totaling $1+ billion fund aggressive renewable and storage expansion.

What critics are saying

  • NextEra Energy captured 3.5 GW new solar/storage in Q1 2026, eroding market share.
  • El Niño-induced low wind speeds reduce Cedro Hill output 15-20%, breaching PPA terms.
  • Satoshi Energy's colocated HPC data centers collapse midday solar prices 25% post-PPA.

What makes Clearway Energy unique

  • Paired battery storage with existing solar assets maximizes grid reliability and dispatch efficiency.
  • Diversified portfolio across 26 states reduces geographic and market concentration risk.
  • Long-term PPAs with utilities like PacifiCorp provide stable, predictable revenue streams.

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Funding

Total Funding

$821.5M

Above

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Life Insurance

Fertility Treatment Support

Adoption Assistance

Parental Leave

Tuition Reimbursement

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-1%
Holland & Hart LLP
Mar 9th, 2026
Holland & Hart Advises Clearway Energy Group on $261 Million Grid-Enhancing Energy Center in Colorado

Holland & Hart advises Clearway Energy Group on $261 million grid-enhancing Energy Center in Colorado. Holland & Hart represented Clearway Energy Group (Clearway), a leading integrated clean energy company, in connection with the construction of, and procurement of major equipment for, the Spindle Energy Center, a 199-megawatt (MW) battery energy storage system located in Weld County, Colorado. The $261 million project will use American-made 2-hour Tesla batteries and store up to 398 MWh of dispatchable power. Spindle is contracted with Public Service Company of Colorado, an Xcel Energy subsidiary, under a long-term agreement providing reliable, dispatchable power to the region. The Spindle Energy Center has begun construction - Clearway partnered with Blattner Energy - which will create nearly 80 jobs. Spindle expects to reach commercial operations in late 2026 and generate more than $12 million in tax revenue over the life of the project supporting area schools, hospitals, and emergency responders. The Holland & Hart transaction team was led by partner Ashley Wald, with assistance from Adam Cohen, Melissa Braun, Megan Decker, JT Iacovetta, Morgan Thompson, and Eric Wolaver, among others. The firm's Renewable Energy and Storage team has been at the vanguard of the renewable energy industry for decades and serves clients in the ever-changing, complex clean energy market. The team brings specialized experience in renewable energy and storage project finance and development to this dynamic market. Holland & Hart LLP help clients capitalize on existing solar, wind, hydro, geothermal, and other renewable energy technologies in addition to battery storage technologies - as well as innovative new energy opportunities - as part of the global transition to a clean energy economy.

SolarQuarter
Oct 1st, 2025
Clearway Energy Acquires 109 MW Catalina Solar Facility, Boosting Kern County Portfolio to 1.5 GW

Clearway Energy Group and Clearway Energy, Inc. have acquired the 109-megawatt Catalina Solar facility in Kern County, California.

Advanced Power Alliance
Aug 6th, 2025
Clearway Announces New High-Performance Computing Data Center Colocated with Texas Wind Farm

Clearway partnered with Satoshi Energy, which specializes in the development of colocated load at renewable generation.

Proximo
Jun 26th, 2025
Clearway secures $1bn for expansion

Clearway Energy Group has secured over $1 billion in corporate credit facilities to expand its US renewable energy portfolio. The financing includes a $400 million revolving credit facility, a $350 million letter of credit facility, and a $169 million term loan.

Investors Hangout
Jun 25th, 2025
Clearway Energy Secures $918.9M Financing

Clearway Energy Group has secured $919 million in financing, led by Natixis Corporate and Investment Banking, involving 13 lenders. This funding extends previous agreements and includes five new financial partners, supporting Clearway's renewable energy and battery storage projects. Max Gardner, Clearway's Treasurer, emphasized the strategic importance of this capital for growth. Natixis played a key role as Coordinating Lead Arranger, aligning with its sustainability goals.

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