Clearway Energy, Inc. plans roughly $4.1 billion in investments from 2026 through 2030, setting out a growth program alongside separate plans to refinance maturing debt and raise additional capital.
Clearway’s presentation links the investment program to a 2031 target for cash available for distribution per share. It says planned investment levels for 2027 through 2030 are twice the 2026 level.
On its Nov. 9 earnings call, Clearway said it expects to refinance about $2.1 billion of debt maturing from 2028 through 2032. The company also plans to issue more debt to fund growth. Those borrowing plans are separate from the $4.1 billion investment figure.
Clearway’s chief financial officer said the company had hedged $1.3 billion of exposure ahead of the planned financing. Of that amount, $850 million relates to existing debt and $450 million to additional borrowing, so the full hedge does not apply to the refinancing.
In its Nov. 9 results release, Clearway projected $520 million to $590 million in cash available for distribution in 2027.
