Clearway obtains over $1 billion through corporate credit facilities

US-based Clearway Energy Group has secured over $1 billion in corporate credit facilities.The financing package has a $400 million revolving credit facility, a $350 million letter of credit facility, and a $169 million term loan. Natixis Corporate and Investment Banking is the main arranger and handles administration. Natixis CIB also provided an additional $100 million credit facility. Other participating banks are CIBC, KeyBank, MUFG Bank, National Australia Bank, Royal Bank of Canada, Societe Generale, BBVA, Rabobank, DNB Capital, Desjardins Group, Truist Bank, Banco Santander, and TD Bank. The funds are intended to support Clearway’s business growth. Clearway operates one of the largest fleets of non-regulated renewable energy assets in the US. Clean Energy’s 30 GW pipeline includes solar, wind, and battery storage projects across 28 states.