Clearway Energy Hits Top Guidance with $1.217B EBITDA, Advances 291 MW Storage
Clearway Energy reported full-year 2025 Adjusted EBITDA of $1.217 billion and CAFD of $430 million at the top end of its guidance range with $688 million cash from operations. It advanced fleet repowerings for 2026/2027 and secured a 291 MW storage portfolio, plus offers to invest in 520 MW and 650 MW solar-plus-storage projects.
1. Financial Results
Clearway Energy achieved full-year 2025 Adjusted EBITDA of $1.217 billion and CAFD of $430 million, underpinned by $688 million in cash from operating activities. The company reported a net loss of $231 million, reflecting higher tax expense and mark-to-market hedge adjustments.
2. Growth Initiatives
The fleet enhancement program progressed with scheduled repowerings in 2026 and 2027 to boost long-term cash flows. Clearway secured commitments for a 291 MW storage portfolio tied to planned 2026 COD projects across Colorado and California.
3. Pipeline and Financing
Clearway received offers to invest in the 520 MW Royal Slope and 650 MW Swan solar-plus-storage projects, extending sponsor-enabled growth into 2027 and 2028. The late-stage pipeline now totals 11.2 GW with 2 GW of data center contracts signed, and the company raised $600 million of debt and $50 million of equity.