Clearway Signs Portfolio of Power Purchase Agreements with Google Totaling Nearly 1.2 GW Across Three States
Clearway Energy Group (NYSE:CWEN) announced three long‑term power purchase agreements with Google totaling 1.17 GW of carbon‑free projects in Missouri, Texas, and West Virginia.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Clearway Energy Group (NYSE:CWEN) announced three long‑term power purchase agreements with Google totaling 1.17 GW of carbon‑free projects in Missouri, Texas, and West Virginia. The PPAs span up to 20 years and serve SPP, ERCOT, and PJM grids. Together with an existing 71.5 MW PPA in West Virginia, the partnership reaches 1.24 GW. The projects represent more than $2.4 billion in invested infrastructure, with construction starting in 2026 and first sites expected online in 2027 and 2028. Clearway said the builds will create hundreds of construction jobs and generate local tax revenue to support schools and hospitals.
Positive
- 1.17 GW of new PPAs with Google
- $2.4 billion+ invested in energy infrastructure
- 20‑year maximum PPA terms providing long‑term revenue visibility
- Partnership expands to 1.24 GW including existing 71.5 MW
- Construction begins in 2026 with first sites online in 2027–2028
Negative
- None.
Details
News Market Reaction – CWEN
On Jan 15, the day this news came out, CWEN closed 6.76% above the previous close.
Data tracked by StockTitan Argus for the Jan 15 session.
Key Figures
- New Google PPAs capacity
- 1.17 GW
- Carbon-free energy projects across MO, TX, WV
- Headline portfolio size
- Nearly 1.2 GW
- Totaling nearly 1.2 GW across three states
- PPA term
- Up to 20 years
- Long-term PPAs supporting Google data centers
- Project investment
- $2.4 billion
- Investment in reliable energy infrastructure
- Projects under construction
- Over 1 GW
- Construction beginning in 2026
- COD timing
- 2027 and 2028
- First sites expected to come online
- Existing Google PPA
- 71.5 MW
- Operating PPA in West Virginia
- Total Google–Clearway partnership
- 1.24 GW
- Combined capacity after new agreements
Historical Context
-
Upsized $600M 5.750% senior notes due 2034 priced at par.
-
Proposed $500M senior notes due 2034 to refinance debt.
-
Solid Q3 results and CAFD guidance ranges with new investments.
-
Announcement of timing and access details for Q3 results call.
-
Agreement to buy 833MWdc operating solar assets from Deriva.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
power purchase agreements financial
ppas financial
spp technical
ercot technical
pjm technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN FRANCISCO, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Clearway Energy Group (Clearway) announced the 2025 execution of three new long-term power purchase agreements (PPAs) with Google totaling 1.17 GW of carbon-free energy projects located in Missouri, Texas, and West Virginia.
Under the new agreements, Clearway will deliver carbon-free energy to local grids to support Google’s data centers in SPP, ERCOT, and PJM for up to 20 years while driving economic growth across the local communities. Together, the three projects represent over
Construction will begin this year on the projects totaling over 1 GW, with the first sites expected to come online in 2027 and 2028. The new agreements build on Google and Clearway’s existing 71.5 MW PPA in operation in West Virginia, bringing the total partnership to 1.24 GW.
“Clearway is proud to collaborate with Google on a diverse portfolio of projects that will deliver near-term energy and capacity to help power Google’s data centers across regions experiencing historic load growth,” said Valerie Wooley, Senior Vice President of Origination at Clearway. “These projects represent the next step in Clearway’s accelerated digital infrastructure development program, which is delivering speed to power across the country at the massive scale needed to enable data center growth.”
"Strengthening the grid by deploying more reliable and clean energy is crucial for supporting the digital infrastructure that businesses and individuals depend on,” said Amanda Peterson Corio, Global Head of Data Center Energy, Google. “Our collaboration with Clearway will help power our data centers and the broader economic growth of communities within SPP, ERCOT, and PJM footprints."
The projects will deliver benefits to all three communities, including significant tax revenue supporting local schools, hospitals, and other public services, hundreds of local construction jobs, and ongoing community benefit initiatives such as Clearway’s Adopt-a-School program.
About Clearway Energy Group
Clearway Energy Group’s vision is a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises over 13 GW of gross generating capacity in 27 states, including over 2.8 GW of flexible dispatchable power generation, 10.3 GW of battery energy storage, solar, and wind assets providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit https://www.clearwayenergygroup.com.
Media:
Julia Poska, 630-254-1853
media@clearwayenergy.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.