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Clearway Energy completed the acquisition of the remaining 50% stake in the Utah Solar Portfolio from Dominion Energy for $335m.

Synopsis

Clearway Energy, a renewable energy owner, completed the acquisition of the remaining 50% stake in the Utah Solar Portfolio from Dominion Energy, a power and energy company, for $335m. "The acquisition of the remaining 50% interest in the Utah Solar Portfolio will continue the Company’s successful track record of executing on third party transactions to meet our long-term growth objectives. With this transaction, Clearway will invest in new growth at attractive economics, increase its long-term contracted cash flow from utility-scale solar, and further diversify its portfolio on a regional basis," Christopher Sotos, Clearway Energy President and Chief Executive Officer.

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