Clearway Energy, Inc. ( ($CWEN.A) ) has released its Q4 earnings. Here is a breakdown of the information Clearway Energy, Inc. presented to its investors.
Clearway Energy, Inc. is a leading U.S. company in the clean energy sector, owning a diverse portfolio of renewable energy generation assets, including wind, solar, and battery storage systems, as well as conventional power capacity for grid reliability. The company focuses on providing stable and growing dividend income to its investors.
Clearway Energy, Inc. reported its full-year 2024 financial results, highlighting a net loss of $63 million, an adjusted EBITDA of $1,146 million, and cash available for distribution (CAFD) of $425 million. The company committed approximately $450 million to new long-term corporate capital investments in 2024, including agreements for a 320 MW storage hybridization portfolio and a 335 MW wind repowering project.
Key financial highlights include an increase in adjusted EBITDA compared to 2023, primarily due to growth investments and improved renewable production. Despite a net loss, the company increased its quarterly dividend by 1.7% to $0.4312 per share. Clearway Energy also signed a third-party M&A agreement to acquire a 137 MW wind project and reaffirmed its 2025 financial guidance range.
The company’s strategic initiatives include the repowering of the Mt. Storm Wind project, expected to contribute significantly to future CAFD, and the extension of a power purchase agreement for the Wildorado wind facility. These efforts align with Clearway’s goal to achieve the upper half of its 2027 CAFD per share target range.
Looking ahead, Clearway Energy remains focused on executing its growth investments and achieving its long-term financial targets. The management is optimistic about delivering CAFD per share in the range of $2.40 to $2.60 by 2027, supported by its diversified clean energy portfolio and strategic partnerships.