Clearway Energy Group — 50% equity stake (5th largest US renewable energy player; 7.7 GW operating + 25 GW pipeline)
TotalEnergies' largest US renewables acquisition. Announced May 25, 2022; completed Sep 12, 2022. GIP received $1.6B cash + 50% (minus 1 share) of TotalEnergies' subsidiary holding 50.6% of SunPower (NASDAQ: SPWR). Brings TotalEnergies' US renewable portfolio above 25 GW. Aligns with target of 25% US in 100 GW global goal by 2030. Clearway has 7.7 GW operating wind/solar and 25 GW pipeline.
$1.60B
Deal Value
7,700MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Global Infrastructure Partners (GIP)
- Buyer / Financier
- TotalEnergies SE
- Deal Value
- $1.6B cash + 50% (minus 1 share) of TotalEnergies' SunPower-holding subsidiary
- Stage
- Mixed (Operating + Development)
- ISO/RTO
- Multiple
- Source
- TotalEnergies
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