Clearway Energy - M&A Summary and Business Overview

UtilitiesCompany

Clearway Energy M&A Summary

Clearway Energy has acquired 2 companies. It has also divested 2 assets.

Clearway Energy’s largest acquisition to date was in 2013, when it acquired Energy Systems for $120M. It’s largest disclosed sale occurred in 2022, when it sold Cordia Energy to KKR for $1.9B. Clearway Energy has acquired in 2 different US states. The Company’s most targeted sectors include renewable energy (50%) and utilities (50%).

Clearway Energy Business Overview

Where is Clearway Energy headquartered?

Clearway Energy is headquartered in Princeton, New Jersey.

What is Clearway Energy’s revenue?

Clearway Energy disclosed revenue of 1,314M USD for 2023 and 1,190M USD for 2022.

How many employees does Clearway Energy have?

Clearway Energy has 61 employees.

What sector is Clearway Energy in?

Clearway Energy is an utilities company.

When was Clearway Energy founded?

Clearway Energy was founded in 2012.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity2
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Clearway Energy

Clearway Energy, Inc.

300 Carnegie Center, Suite 300,
Princeton, New Jersey 08540
United States,
(609) 608-1525
www.clearwayenergy.com

Clearway Energy is an owns and operator of 1,919 MW of generating capacity across 31 renewable power facilities, and has over 1,000 MW in development. Clearway Energy was founded in 2012 and is headquartered in Princeton, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $120M $120M
Sell (0.4/yr) # - 1 - 1 - - 2
vol $1.9B $1.9B
  4

Most Recent M&A

Company Date Value Type
Cordia Energy 2022-05-02 1.9B USD Divestiture
Phoenix, Arizona · www.cordiaenergy.com
Clearway Energy, Inc. - Portfolio of Residential Solar Assets 2020-05-14 - Divestiture
Princeton, New Jersey
Terra-Gen Power LLC - Alta Wind 2014-06-04 - Divestiture
, California
Energy Systems Co. 2013-12-03 120M USD Add-on Acquisition
Omaha, United States · www.esc-omaha.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 1 (50%) - 2 (100%) 1.9B (100%)
Utilities 1 (50%) 120M (100%) - -
Total 2 $120M 2 $1.9B

By Geo

State/Country Buy Value Sell Value
United States 2 120M 2 1.9B
  California 1 - - -
  New Jersey - - 1 -
  Arizona - - 1 1.9B
Total 2 $120M 2 $1.9B

Deal Values

buy # Total
$100M to $1B 1 $120M
TOTAL $120M
Largest Energy Systems Co.
$120M (2013-12-03)
sell # Total
> $1B 1 $1.9B
TOTAL $1.9B
Largest Cordia Energy
$1.9B (2022-05-02)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Utilities

Revenue

1,314   11% 2023
1,190   8% 2022
1,286   8% 2021
1,199   17% 2020
1,032   2% 2019
1,053   5% 2018
1,009   2% 2017
1,021   18% 2016
869   50% 2015
583   2014
(millions of USD) Show More Show Less

Employees

61

Established

2012

Public

NYSE: CWEN

Former Name

NRG Yield, Inc.

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