Clearway Energy Group Announces Partnership with Hannon Armstrong for Renewable Energy Investments

By Global Infrastructure Sherpa · Mar 5, 2025

Jv Renewable Energy announced United States Mar 5, 2025

USD663M

Deal Value

1.6 GW

Capacity

operating

Stage

Clearway Energy Group and Hannon Armstrong announced a partnership to invest in renewable energy projects. The partnership will focus on solar and wind projects.

Source Intelligence

KEY DETAILS

Hannon Armstrong has funded approximately $200 million of its investment to date and anticipates funding the remaining portion in 2021 and 2022. The investment reached financial close on December 21, 2020. The portfolio includes three wind, one solar, and three solar-plus-storage projects representing approximately 1.6 GW of renewable energy generation and 395 MW of storage capacity.

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Deal Size

Once fully funded, Hannon Armstrong's total investment in the portfolio will be approximately $663 million.

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Capacity

Hannon Armstrong Invests in 1.6 GW Renewable Energy Portfolio Developed and Managed by Clearway Energy Group

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Location

The large-scale, diversified, and highly contracted renewables portfolio includes 874 megawatts (MW) of onshore wind, 192 MW of utility-scale solar, and 557 MW of utility-scale solar with 395 MW of co-located storage (seven projects in total) located in four states: California, Hawaii, Texas, and West Virginia.

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PPA Details

With a weighted average contract life of greater than 14 years, the portfolio's cash flows are contracted with a diversified group of predominately investment-grade corporate, utility, university, and municipal offtakers.

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Announcement

December 22, 2020

PARTIES MENTIONED IN SOURCE

Hannon Armstrong investor

"Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong") (NYSE: HASI), a leading investor in climate solutions, today announced a preferred equity investment in an approximately 1.6 gigawatt (GW) onshore wind and utility-scale solar portfolio developed and managed by Clearway Energy Group"

Clearway Energy Group developer

"Hannon Armstrong Invests in 1.6 GW Renewable Energy Portfolio Developed and Managed by Clearway Energy Group"

Clearway Energy, Inc. owner

"The remaining ownership of cash equity interests in the holding companies will be held by Clearway Energy, Inc. (NYSE: CWEN, CWEN.A), a publicly traded affiliate of Clearway Energy Group focused on ownership of modern, sustainable, and long-term contracted assets across North America."

high quality Enriched Feb 19, 2026