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The acquisition strengthens CWEN's renewable portfolio, potentially enhancing revenue and cash flow stability. Previous investments led to increased share growth, indicating positive market sentiment.
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CWEN will acquire the Tuolumne Wind Project for $70-75 million. The project is expected to generate $9 million in annual CAFD from 2026. CWEN aims for 95% carbon-free electricity by 2035, enhancing its renewable portfolio. US renewable energy generation is forecasted to reach 25% in 2025. Other companies like Dominion and Duke also expanding clean energy efforts.
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