Deriva Energy Agrees to Sell 833MWdc of Operating Solar Assets to Clearway Energy

Deriva Energy, LLC, a leader in clean power generation, operations and development, along with their joint venture partner, Manulife Investment Management, announced that it reached an agreement to sell a 833MWdc (613MWac) operational solar portfolio to Clearway Energy, Inc. (NYSE: CWEN, CWEN.A). Terms of the transaction were not disclosed.

"This transaction represents an important step in advancing our strategy to optimize our asset portfolio and recycle capital into our next phase of growth," said John Clapp, Chief Executive Officer of Deriva Energy.

TD Securities acted as exclusive financial advisor to Deriva Energy and Manulife Investment Management.

The transaction is expected to close by the second quarter of 2026.

About Deriva Energy

Deriva Energy | https://derivaenergy.com/