StockNews.AI

Clearway Signs Portfolio of Power Purchase Agreements with Google Totaling Nearly 1.2 GW Across Three States

StockNews.AI • 2 hours

GOOGL
High Materiality8/10

Information

SAN FRANCISCO, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Clearway Energy Group (Clearway) announced the 2025...

Original source

AI Summary

Clearway signed three long-term PPAs with Google for 1.17 GW energy projects. The projects will cost over $2.4 billion and provide carbon-free energy. Construction begins in 2026, with initial power online by 2027-2028. Benefits include local jobs, tax revenue, and community initiatives. Total partnership with Google now stands at 1.24 GW of capacity.

Sentiment Rationale

The PPAs indicate strong growth potential and revenue stability for Clearway, building on existing agreements. Historical examples show similar agreements led to positive stock performance.

Trading Thesis

These agreements have a 20-year lifespan, indicating sustained revenue and strategic growth for Clearway.

Market-Moving

  • Clearway signed three long-term PPAs with Google for 1.17 GW energy projects.
  • The projects will cost over $2.4 billion and provide carbon-free energy.
  • Construction begins in 2026, with initial power online by 2027-2028.

Key Facts

  • Clearway signed three long-term PPAs with Google for 1.17 GW energy projects.
  • The projects will cost over $2.4 billion and provide carbon-free energy.
  • Construction begins in 2026, with initial power online by 2027-2028.
  • Benefits include local jobs, tax revenue, and community initiatives.
  • Total partnership with Google now stands at 1.24 GW of capacity.

Companies Mentioned

  • GOOGL (GOOGL)

Corporate Developments

These significant agreements with Google provide a clear revenue stream and project pipeline that can impact CWEN positively over time.

Clearway Energy Partners with Google on New Power Purchase Agreements

On January 15, 2026, Clearway Energy Group (stock symbol: CWEN) announced a significant collaboration with Google, executing three long-term power purchase agreements (PPAs) that will deliver a total of 1.17 GW of carbon-free energy projects. These initiatives will span across Missouri, Texas, and West Virginia, supporting Google's data centers in the SPP, ERCOT, and PJM regions for up to 20 years.

Investment and Economic Impact

The three new projects signify a robust investment of over $2.4 billion in reliable energy infrastructure. Construction is set to commence this year, with expectations for the initial projects to become operational by 2027 and 2028. This expansion builds on a pre-existing 71.5 MW PPA already in operation in West Virginia, bringing the total partnership capacity to 1.24 GW.

Statements from Leadership

Valerie Wooley, Senior Vice President of Origination at Clearway, expressed pride in the collaboration by stating, “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.” She emphasized that these projects are a crucial part of Clearway's accelerated digital infrastructure development program.

Echoing Wooley's sentiments, Amanda Peterson Corio, Global Head of Data Center Energy at Google, said, “Strengthening the grid by deploying more reliable and clean energy is crucial for supporting the digital infrastructure that businesses and individuals depend on.” This initiative not only focuses on energy provision but also aims to foster economic growth within the local communities served.

Community Benefits

The projects will provide a range of benefits to the communities within Missouri, Texas, and West Virginia, including:

  • Tax revenue supporting local schools, hospitals, and public services
  • The creation of hundreds of local construction jobs
  • Ongoing community benefit initiatives like Clearway’s Adopt-a-School program

About Clearway Energy Group

Clearway Energy Group envisions a world powered by clean energy. Together with its public affiliate, Clearway Energy, Inc. (CWEN), the company's portfolio boasts over 13 GW of gross generating capacity across 27 states. This includes more than 2.8 GW of flexible dispatchable power generation and 10.3 GW of battery energy storage, solar, and wind assets, ensuring essential grid reliability. Currently, Clearway’s operating fleet generates sufficient reliable electricity to power over 2 million homes.

Clearway Energy Group is headquartered in San Francisco, with additional offices located in Denver, Houston, Phoenix, Princeton, and San Diego. For further details, visit Clearway Energy Group's website.

Media Contact

For media inquiries, please contact:

Julia Poska
Phone: 630-254-1853
Email: media@clearwayenergy.com

Related News