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Get filing alertsClearway Energy to acquire 650 MW Swan Solar project in Missouri for ~$230M from affiliate
Filed September 28, 2026 · Period ending September 23, 2026 · ~1 min read
Key Changes
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Clearway Energy's subsidiary agreed to acquire Swan Solar, a 650 MW solar project in Bates County, Missouri, for a base purchase price of approximately $230 million in cash, subject to adjustments.
Item 1.01 verify on EDGAR → -
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The seller is Swan CE Seller LLC, an affiliate of Clearway Energy Group LLC, making this a related-party transaction.
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After closing, Clearway Energy's subsidiary will own 100% of the class A units of the target company, while Clearway Renew LLC, a CEG subsidiary, will own 100% of the class C units.
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The transaction is expected to close in the third quarter of 2028, subject to customary closing conditions.
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Summary
Clearway Energy, Inc. has entered into a definitive agreement to acquire Swan Solar, a 650 MW solar photovoltaic project under development in Bates County, Missouri, for a base purchase price of approximately $230 million in cash. The seller is an affiliate of Clearway Energy Group LLC, making this a related-party transaction.
The purchase price is subject to adjustments based on a financial model designed to achieve certain minimum economic thresholds. After closing, Clearway Energy's subsidiary will own 100% of the class A units of the target company, while Clearway Renew LLC, a wholly owned subsidiary of CEG, will own 100% of the class C units.
The transaction is expected to close in the third quarter of 2028, subject to customary closing conditions and certain third-party actions. For retail investors, this acquisition adds a substantial renewable energy asset to Clearway Energy's portfolio, consistent with its strategy of owning contracted clean energy projects. The related-party nature of the transaction and the deferred closing timeline are key considerations, but the filing does not indicate any immediate red flags.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Purchaser will acquire from Seller certain limited liability company membership interests in Swan TargetCo LLC (“Target Company”), which, subject to certain terms and conditions referenced in the Purchase Agreement, will become the indirect owner of all of the limited liability company interests in Swan Solar LLC (“Swan Solar”), for a base purchase price of approximately $230 million in cash, subject to adjustments based on a financial model designed to achieve certain minimum economic thresholds (the “Transaction”).
Clearway Energy's subsidiary, Swan Purchaser LLC, agreed to buy membership interests in Swan TargetCo LLC from Swan CE Seller LLC, an affiliate of Clearway Energy Group LLC. The base purchase price is approximately $230 million in cash, subject to adjustments tied to a financial model with minimum economic thresholds. This is a related-party transaction since the seller is an affiliate of Clearway Energy Group LLC.
Added in current filing · verify on EDGAR →
Swan Solar is developing and constructing a solar photovoltaic generating facility, with an approximate installed capacity of 650 megawatts, in Bates County, Missouri.
The acquired asset is a solar photovoltaic generating facility under development and construction in Bates County, Missouri, with an approximate installed capacity of 650 megawatts. This adds a substantial renewable energy project to Clearway Energy's portfolio.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 29, 2026 · How we verify