Clearway Energy Expands Portfolio with Major Battery Storage Acquisition

Clearway Energy has moved to significantly bolster its presence in the rapidly growing battery storage market through a strategic acquisition valued at nearly $93 million. The deal secures the company key development projects in two critical U.S. states.

On November 24, 2025, a Clearway Energy subsidiary entered into an agreement to purchase ownership interests in two development companies. The transaction, with a total price tag of $92.9 million, will grant Clearway indirect ownership of two substantial battery energy storage system (BESS) projects. Completion is anticipated in the latter half of 2026.

The investment is split between two sites: approximately $45.7 million is allocated to the "Spindle Battery" facility in Colorado, with the remaining $47.2 million directed toward the "Golden Fields Solar VI" project in California. This move underscores the company's intensified focus on infrastructure that supports grid reliability and renewable energy expansion.

Project Scale and Market Context

The capacity of these new assets is considerable. The Colorado project, located in Weld County, is slated for 199 megawatts. Its counterpart in California's Kern County will add 92 megawatts of storage capacity. Both projects are currently in various stages of development and construction.

Should investors sell immediately? Or is it worth buying Clearway Energy?

This acquisition follows another major strategic play by Clearway earlier in 2025—the purchase of an operational 613-megawatt solar portfolio from Deriva Energy. Together, these investments signal a concerted push to build a diversified and resilient clean energy platform.

Financial Outlook and Investor Implications

Clearway recently reaffirmed its full-year 2025 financial guidance for Cash Available for Distribution (CAFD), projecting it to fall between $400 million and $440 million. The company's strategic pivot toward critical grid infrastructure, including battery storage, is likely to be viewed favorably by investors seeking stable, long-term growth within the clean energy sector.

Successful integration and execution of these storage projects are seen as pivotal to achieving the firm's long-term financial objectives. The ability to store and dispatch renewable energy addresses a key challenge in the energy transition, potentially positioning Clearway for sustained value creation.