Associated tags: Wind, GIP, OECD, Energy, Cryptocurrency, NYSE, Weather, Public expenditure, Renewable energy, Webcast, Net income
Locations: CALIFORNIA, IDAHO, CEDAR CREEK, PRINCETON, NEW JERSEY, US, ROSAMOND, MARYLAND
The project achieved commercial operations in the second quarter of 2024 and sells its power under a 25-year PPA with an investment grade utility.
Key Points:
- The project achieved commercial operations in the second quarter of 2024 and sells its power under a 25-year PPA with an investment grade utility.
- On May 9, 2024, Clearway Energy, Inc.’s Board of Directors declared a quarterly dividend on Class A and Class C common stock of $0.4102 per share payable on June 17, 2024, to stockholders of record as of June 3, 2024.
- 2024 CAFD guidance does not factor in the timing of when CAFD is realized from new growth investments pursuant to 5-year averages beyond 2024.
- On May 9, 2024, Clearway Energy, Inc. will host a conference call at 8:00 a.m. Eastern to discuss these results.
Retrieved on:
Wednesday, April 10, 2024
PRINCETON, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report First Quarter 2024 financial results on Thursday, May 9, 2024.
Key Points:
- PRINCETON, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report First Quarter 2024 financial results on Thursday, May 9, 2024.
- Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
- A live webcast of the conference call, including presentation materials, can be accessed through the Company’s website at http://www.clearwayenergy.com and clicking on “Presentations & Webcasts” under the Investor Relations section.
- The webcast will be archived on the site for those unable to listen in real time.
Retrieved on:
Thursday, February 22, 2024
As of December 31, 2023, the Company's liquidity included $516 million of restricted cash.
Key Points:
- As of December 31, 2023, the Company's liquidity included $516 million of restricted cash.
- Restricted cash consists primarily of funds to satisfy the requirements of certain debt arrangements and funds held within the Company's projects that are restricted in their use.
- Clearway Energy, Inc.’s quarterly operating results are impacted by seasonal factors, as well as weather variability which can impact renewable energy resource throughout the year.
- On February 22, 2024, Clearway Energy, Inc. will host a conference call at 8:00 a.m. Eastern to discuss these results.
Retrieved on:
Thursday, February 15, 2024
PRINCETON, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today announced that on February 14, 2024, its Board of Directors declared a quarterly dividend on each of the Company’s Class A and Class C common stock of $0.4033 per share payable on March 15, 2024, to shareholders of record as of March 1, 2024.
Key Points:
- PRINCETON, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today announced that on February 14, 2024, its Board of Directors declared a quarterly dividend on each of the Company’s Class A and Class C common stock of $0.4033 per share payable on March 15, 2024, to shareholders of record as of March 1, 2024.
- This quarterly dividend represents $1.6132 per share on an annualized basis, an increase of 1.7% over the fourth quarter 2023 dividend of $0.3964 per share, or $1.5856 per share annualized.
Retrieved on:
Wednesday, January 24, 2024
PRINCETOWN, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Fourth Quarter 2023 financial results on Thursday, February 22, 2024.
Key Points:
- PRINCETOWN, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Fourth Quarter 2023 financial results on Thursday, February 22, 2024.
- Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
- A live webcast of the conference call, including presentation materials, can be accessed through the Company’s website at http://www.clearwayenergy.com and clicking on “Presentations & Webcasts” under the Investor Relations section.
- The webcast will be archived on the site for those unable to listen in real time.
Retrieved on:
Thursday, November 2, 2023
Resource,
Weather,
Public expenditure,
Wind,
Maintenance,
Net income,
Partnership,
Investment,
Cryptocurrency,
Renewable energy,
Property management,
Holding company Commercial operations of the facilities and the Company’s investment are expected to occur between the fourth quarter of 2023 and first half of 2024.
Key Points:
- Commercial operations of the facilities and the Company’s investment are expected to occur between the fourth quarter of 2023 and first half of 2024.
- On November 1, 2023, Clearway Energy, Inc.’s Board of Directors declared a quarterly dividend on Class A and Class C common stock of $0.3964 per share payable on December 15, 2023, to stockholders of record as of December 1, 2023.
- Clearway Energy, Inc.’s quarterly operating results are impacted by seasonal factors, as well as weather variability which can impact renewable energy resource.
- On November 2, 2023, Clearway Energy, Inc. will host a conference call at 8:00 a.m. Eastern to discuss these results.
PRINCETON, N.J., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Third Quarter 2023 financial results on Thursday, November 2, 2023.
Key Points:
- PRINCETON, N.J., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Third Quarter 2023 financial results on Thursday, November 2, 2023.
- Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
- A live webcast of the conference call, including presentation materials, can be accessed through the Company’s website at http://www.clearwayenergy.com and clicking on “Presentations & Webcasts” under the Investor Relations section.
- The webcast will be archived on the site for those unable to listen in real time.
Maintenance,
Wind,
Public expenditure,
Net income,
Weather,
Convention (norm),
PPA,
BESS,
Cryptocurrency,
Renewable energy,
Holding company The investment is subject to negotiation, both with Clearway Group and the review and approval by the Company’s Independent Directors.
Key Points:
- The investment is subject to negotiation, both with Clearway Group and the review and approval by the Company’s Independent Directors.
- Clearway Energy, Inc.’s quarterly operating results are impacted by seasonal factors, as well as weather variability which can impact renewable energy resource.
- The Company's 2023 financial guidance also factors in the contribution of committed growth investments based on current expected closing timelines.
- On August 8, 2023, Clearway Energy, Inc. will host a conference call at 8:00 a.m. Eastern to discuss these results.
PRINCETON, N.J., July 13, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that wind production for its fleet in the second quarter of 2023 was approximately 25% below internal median production estimates, which was inclusive of the Alta Wind Complex’s wind production at approximately 20% below internal expectations.
Key Points:
- PRINCETON, N.J., July 13, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that wind production for its fleet in the second quarter of 2023 was approximately 25% below internal median production estimates, which was inclusive of the Alta Wind Complex’s wind production at approximately 20% below internal expectations.
- This deviation in the Company’s wind production index represented the lowest quarterly production reading in the Company’s history and resulted in an estimated decrease to second quarter 2023 revenue of between $25 and $30 million.
- "Despite the abnormally low wind resource in the second quarter, we continue to have confidence that our long-term outlook remains intact based on historical trends for resource across our asset portfolio,” said Christopher Sotos, Clearway Energy, Inc.’s President and Chief Executive Officer.
- We continue to plan to meet this target without needing to issue external equity while adhering to our balance sheet objectives.”
Management plans to report full second quarter 2023 financial results as well as update its 2023 financial guidance as part of its second quarter 2023 earnings update on Tuesday, August 8.
Borrowing base,
Maintenance,
LIBOR,
Credit agreements in South Africa,
SOFR,
Wind,
Public expenditure,
Net income,
Weather,
Letter,
Cryptocurrency,
Bank,
Renewable energy,
Holding company On May 3, 2023, the Company entered into an agreement with Clearway Group to repower the Cedro Hill Wind project located in Bruni, Texas.
Key Points:
- On May 3, 2023, the Company entered into an agreement with Clearway Group to repower the Cedro Hill Wind project located in Bruni, Texas.
- On May 3, 2023, Clearway Energy, Inc.’s Board of Directors declared a quarterly dividend on Class A and Class C common stock of $0.3818 per share payable on June 15, 2023, to stockholders of record as of June 1, 2023.
- Clearway Energy, Inc.’s quarterly operating results are impacted by seasonal factors, as well as weather variability which can impact renewable energy resource.
- On May 4, 2023, Clearway Energy, Inc. will host a conference call at 8:00 a.m. Eastern to discuss these results.
