Clearway Energy, Inc., a US-based renewable energy firm specializing in solar and wind assets, has announced a binding agreement to acquire a 613 MW AC operational solar portfolio from Deriva Energy, LLC. The 613 MW AC portfolio covers eight US states, with most assets located in the CAISO and PJM markets. It also features a 50/50 partnership in the Western US with Canada-based Fengate Asset Management. The deal, estimated between $210 million and $230 million, is scheduled to be finalized by the second quarter of 2026. Clearway has stated that the acquisition will deliver an accretive five-year annual cash available for distribution (CAFD) above 12%, adding an average of $27 million annually from January 2027. The deal deepens Clearway’s market presence in CAISO and PJM, positioning for upside through hybridization and contract extensions amid the US clean energy transition.