Clearway Energy (CWEN) is set to acquire a 613 MWac operational solar portfolio from Deriva Energy, spanning eight states with a focus on CAISO and PJM markets. The company will co-invest in a joint venture with Fengate Asset Management for 12 assets in the Western US, expecting a $210M-230M investment. The transaction is projected to close by Q2 2026, with an immediate accretive impact and a 5-year annual CAFD yield over 12%.

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Read more at Yahoo Finance: Clearway Energy to acquire solar portfolio from Deriva Energy