Clearway Energy Group Partners with Microsoft on Renewable Project
Clearway Energy Group is excited to announce a significant power purchase agreement (PPA) with Microsoft for the development of the Mount Storm wind farm, which has a generating capacity of 335 megawatts (MW). This project is a key part of Microsoft's commitment to sustainability and aims to generate carbon-free electricity to meet growing energy demands.
Supporting Sustainability Goals
The Mount Storm wind farm will play a vital role in supporting Microsoft's sustainability initiatives. Valerie Wooley, Senior Vice President of Origination at Clearway, expressed her enthusiasm about the project, noting, "Clearway is thrilled to partner with Microsoft on the Mount Storm venture. We are dedicated to advancing renewable energy and fostering economic growth in the surrounding community." This project signifies a step towards greener energy solutions and showcases the potential of wind energy in addressing the challenges of climate change.
Significant Economic Impact
In addition to its environmental benefits, the Mount Storm project will yield substantial economic impacts in the community. The investment is expected to generate millions in tax revenue, create hundreds of construction jobs, and provide funding for various community benefit programs. This influx of resources is essential for bolstering local economies and promoting job creation, reinforcing Clearway's mission to contribute positively to the community.
About Clearway Energy Group
Clearway Energy Group is driven by a vision of a future fueled by clean energy. Together with its public affiliate, Clearway Energy, Inc., it oversees an impressive portfolio that includes approximately 11.8 GW of generating capacity across 26 states in the U.S. This portfolio encompasses 9.1 GW of renewable assets such as wind, solar, and battery storage, alongside 2.8 GW of flexible dispatchable power generation that enhances grid reliability.
Reliable Power for Millions
The existing operating fleet of Clearway Energy Group is designed to provide reliable electricity to over 2 million homes, showcasing the company's commitment to energy production that is both sustainable and dependable. As Clearway continues to develop its pipeline of new energy projects, it remains focused on creating a robust energy landscape that benefits everyone.
Company Overview and Stock Information
Clearway Energy, Inc. stands as a prominent player in the clean energy sector within the U.S. The company has established itself as one of the largest owners of clean energy generation assets nationwide, furthering its leadership role in advancing sustainable energy solutions. With a total capacity of around 11.8 GW across diverse energy sources, including wind, solar, and battery storage, Clearway is positioned to meet current and future energy needs.
Investors can find Clearway Energy, Inc.’s Class A and Class C common stock traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. This market presence underscores Clearway's dedication to providing investors with consistent and growing dividend income while contributing to the transition towards renewable energy sources.
Media Contact Information
For further inquiries, media representatives can reach out to Zadie Oleksiw, Senior Director of Communications, at 202.836.5754 or via email at Zadie.Oleksiw@clearwayenergy.com.
Frequently Asked Questions
What is the purpose of the power purchase agreement with Microsoft?
The PPA facilitates the development of the Mount Storm wind farm, supporting Microsoft's sustainability goals by providing carbon-free energy.
How much power will the Mount Storm wind farm generate?
The Mount Storm wind farm has a capacity of 335 megawatts (MW), contributing significant renewable energy to the grid.
What are the community benefits of this project?
The project is expected to provide millions in tax revenue, create hundreds of construction jobs, and fund community benefit programs, enriching the local economy.
What is Clearway Energy Group's vision for the future?
Clearway aims to lead the transition to a clean energy future, significantly expanding its renewable energy portfolio and ensuring power reliability.
Where can I find more information about Clearway Energy?
More details can be found on Clearway's website or through their investor relations platform.
