Clearway Energy launches $100 million equity offering program

Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) announced a $100 million at-the-market equity offering program on August 6, 2025. The clean energy company entered into an equity distribution agreement with five investment banks to serve as sales agents.

Under the agreement with Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan and Wells Fargo Securities, Clearway Energy may sell shares of its Class C common stock up to an aggregate sales price of $100 million. The sales will primarily occur through ordinary broker transactions on the New York Stock Exchange at market prices.

The shares will be issued under a prospectus supplement dated August 6, 2025, pursuant to the company's shelf registration statement filed with the Securities and Exchange Commission in August 2023. The shares have been approved for listing on the New York Stock Exchange.

Clearway Energy stated it intends to use net proceeds from the share sales for general corporate purposes, including potential debt repayment or refinancing, working capital, capital expenditures, acquisitions and investments. The company may also invest unused funds in marketable securities and short-term investments.

The Princeton, New Jersey-based company owns approximately 12 gigawatts of gross capacity across 27 states, including about 9.2 gigawatts of wind, solar and battery energy storage systems and approximately 2.8 gigawatts of dispatchable combustion-based power generation assets.

Information in this article is based on a company press release.

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