Clearway Enterprise's Sponsor, Global Infrastructure Partners, Announces Strategic Partnership with TotalEnergies
PRINCETON, NJ and SAN FRANCISCO, May 25, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) (the "Company") and its renewable development partner and parent company, Clearway Energy Group LLC ("Clearway Group"), today announced that Global Infrastructure Partners (GIP) has formed a strategic partnership with TotalEnergies SE ("TotalEnergies") in the U.S. renewable energy sector. Through this partnership, TotalEnergies will acquire half of GIP's interest in Clearway Group, a privately held renewable development company that serves as the Company's sponsor with its 42% economic interest in the Company. In consideration, GIP will receive $1.6 billion cash consideration (subj
