NRG Energy renewables platform + NRG Yield Inc. (rebranded Clearway Energy Inc.) — 4.7 GW operating renewables; 45.2% economic interest in CWEN, 55% voting
GIP completes $1.348B acquisition of NRG's renewable energy business + 55% voting / 45.2% economic interest in NRG Yield (rebranded Clearway Energy Inc.) on Aug 31, 2018. Largest US renewable power transaction ever at the time. NYSE ticker change to CWEN/CWEN.A on Sept 17, 2018. TotalEnergies later acquired 50% of Clearway Energy Group from GIP in 2022.
$1.35B
Deal Value
4,700MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- NRG Energy (renewables platform + NRG Yield majority)
- Buyer / Financier
- Global Infrastructure Partners (GIP)
- Deal Value
- $1.348B aggregate consideration
- Stage
- Operating
- ISO/RTO
- Multiple
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