Clearway Energy unit agrees to buy Utah battery storage portfolio for about $119 million cash
CWEN•A Clearway Energy subsidiary agreed to buy interests in a portfolio set to own three Utah battery storage projects totaling about 210 MW for about $119 million in cash.
1. Utah portfolio deal
Clearway Energy said its subsidiary agreed to buy membership interests in Honeycomb 2 TargetCo for about $119 million in cash. TargetCo is set to indirectly own three battery storage projects totaling about 210 MW in Beaver County and Iron County. The price may be adjusted using a financial model tied to minimum economic thresholds, and closing is expected in the fourth quarter of 2027, subject to customary conditions and third-party actions.
