Clearway Energy to acquire the operating wind projects from Capistrano Wind Partners for $225m.

Clearway Energy, a renewable energy owner, agreed to acquire the operating wind projects from Capistrano Wind Partners, an operator of wind energy farms, for $225m. "With this acquisition, Clearway continues its successful track record of executing on third party transactions at attractive economics while further diversifying the Clearway platform on a regional basis. Furthermore, the Development Agreement with Clearway Group further demonstrates the strength of our sponsor by its willingness to invest alongside the Company for potential future growth. The Company has now committed to or has line of sight to the future deployment of over 55% of the $750m of excess proceeds from the Thermal sale which solidifies Clearway’s ability to achieve the upper range of our 5% to 8% annual dividend growth objective through at least 2026," Christopher Sotos, Clearway Energy President and CEO.