Item 1.01 Entry Into a Material Definitive Agreement.

Eleventh Supplemental Indenture

On May 25, 2022, Clearway Energy Operating LLC ("Clearway Operating LLC"), a subsidiary of Clearway Energy LLC ("Clearway LLC"), the guarantors currently party to the 2028 Notes Indenture (defined below), PAWVA Wind Holdings LLC ("PAWVA"), Capistrano Portfolio Holdings LLC ("Capistrano" and, together with PAWVA, the "Guaranteeing Subsidiaries") and Delaware Trust Company, as trustee (the "Trustee") entered into the eleventh supplemental indenture (the "Eleventh Supplemental Indenture"), supplementing the indenture, dated as of December 11, 2019 (as amended or supplemented to the date hereof, the "2028 Notes Indenture"), by and among Clearway Operating LLC, the guarantors party thereto and the Trustee, pursuant to which Clearway Operating LLC issued $850,000,000 in aggregate principal amount of its 4.750% Senior Notes due 2028 (the "2028 Notes"). Pursuant to the Eleventh Supplemental Indenture, the Guaranteeing Subsidiaries became guarantors of Clearway Operating LLC's obligations under the 2028 Notes. Each of Clearway Operating LLC, Clearway LLC and the Guaranteeing Subsidiaries are subsidiaries of Clearway Energy, Inc.

The foregoing description of the Eleventh Supplemental Indenture does not purport to be complete and is qualified in its entirety by reference to the Eleventh Supplemental Indenture, which is attached as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated by reference herein.





Third Supplemental Indenture


On May 25, 2022, Clearway Operating LLC, the guarantors currently party to the 2031 Notes Indenture (defined below), the Guaranteeing Subsidiaries and the Trustee also entered into the third supplemental indenture (the "Third Supplemental Indenture"), supplementing the indenture, dated as of March 9, 2021 (as amended or supplemented to the date hereof, the "2031 Notes Indenture"), by and among Clearway Operating LLC, the guarantors party thereto and the Trustee, pursuant to which Clearway Operating LLC issued $925,000,000 in aggregate principal amount of its 3.750% Senior Notes due 2031 (the "2031 Notes"). Pursuant to the Third Supplemental Indenture, the Guaranteeing Subsidiaries became guarantors of Clearway Operating LLC's obligations under the 2031 Notes.

The foregoing description of the Third Supplemental Indenture does not purport to be complete and is qualified in its entirety by reference to the Third Supplemental Indenture, which is attached as Exhibit 4.2 to this Current Report on Form 8-K and is incorporated by reference herein.





Second Supplemental Indenture


On May 25, 2022, Clearway Operating LLC, the guarantors currently party to the 2032 Notes Indenture (defined below), the Guaranteeing Subsidiaries and the Trustee also entered into the second supplemental indenture (the "Second Supplemental Indenture"), supplementing the indenture, dated as of October 1, 2021 (as amended or supplemented to the date hereof, the "2032 Notes Indenture"), by and among Clearway Operating LLC, the guarantors party thereto and the Trustee, pursuant to which Clearway Operating LLC issued $350,000,000 in aggregate principal amount of its 3.750% Senior Notes due 2032 (the "2032 Notes"). Pursuant to the Second Supplemental Indenture, the Guaranteeing Subsidiaries became guarantors of Clearway Operating LLC's obligations under the 2032 Notes.

The foregoing description of the Second Supplemental Indenture does not purport to be complete and is qualified in its entirety by reference to the Second Supplemental Indenture, which is attached as Exhibit 4.3 to this Current Report on Form 8-K and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits





(d)     Exhibits



Exhibit No.                                 Document

    4.1         Eleventh Supplemental Indenture, dated as of May 25, 2022, among
              Clearway Energy Operating LLC, the guarantors named therein and
              Delaware Trust Company.
    4.2         Third Supplemental Indenture, dated as of May 25, 2022, among
              Clearway Energy Operating LLC, the guarantors named therein and
              Delaware Trust Company.
    4.3         Second Supplemental Indenture, dated as of May 25, 2022, among
              Clearway Energy Operating LLC, the guarantors named therein and
              Delaware Trust Company.
    104       Cover Page Interactive Data File (formatted as inline XBRL and
              contained in Exhibit 101)




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