Clearway Energy ( (CWEN) ) has released its Q1 earnings. Here is a breakdown of the information Clearway Energy presented to its investors.
Clearway Energy, Inc. is a leading U.S. company in the clean energy sector, owning a diverse portfolio of wind, solar, and battery energy storage systems, as well as flexible power generation assets, aimed at providing stable and growing dividend income to its investors.
In the first quarter of 2025, Clearway Energy reported a net loss of $104 million, but demonstrated strong operational performance with increased availability and capacity factors across all segments. The company also announced an increase in its quarterly dividend and reaffirmed its financial guidance for the year.
Key financial metrics for the quarter included an Adjusted EBITDA of $252 million and Cash Available for Distribution (CAFD) of $77 million, both showing improvement from the previous year, driven by growth investments. Strategic initiatives included the acquisition of a 100 MW solar project in California and the completion of the Tuolumne Wind project acquisition, along with plans for repowering projects at Mt. Storm and Goat Mountain.
Looking ahead, Clearway Energy is focused on advancing its growth strategy through fleet enhancements, acquisitions, and repowering projects, with an aim to achieve the top end of its CAFD per share target by 2027. The company remains committed to its long-term financial objectives and providing value to its shareholders.