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Tuesday, 09/01/2020 8:12:39 PM

Tuesday, September 01, 2020 8:12:39 PM

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>>> Clearway Energy, Inc. (CWEN), through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2018, it had contracted generation portfolio of 5,272 net megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems. The company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,385 net MW thermal equivalents; and electric generation capacity of 133 net MWs. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. The company was founded in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. operates as a subsidiary of Clearway Energy Group LLC. <<<


>>> Clearway Energy – Major Dividend

For its second-quarter, Clearway Energy Inc (NYSE: CWEN) reported a net income of $76 million. Adjusted EBITDA was $316 million with $100 million in cash gained from operating activities. The renewable energy producer now yields 4.9% after providing its investors with a monster dividend increase this month. The company can easily support the higher payout thanks to its stability gained by long-term and fixed-rate contracts. Along with a solid financial profile, Clearway has the flexibility to make acquisitions. With several deals in the air, its cash flow could be further enhanced in the upcoming years. <<<

https://www.yahoo.com/news/whats-solar-energy-rundown-6-171355260.html







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