Clearway Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 06:15 am EDT
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Clearway Energy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 371 million compared to USD 340 million a year ago. Net income was USD 4 million compared to USD 32 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.28 a year ago.
For the nine months, sales was USD 1,065 million compared to USD 922 million a year ago. Net income was USD 42 million compared to USD 570 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 4.89 a year ago.
Clearway Energy, Inc. is a renewable energy company. The Company invests in energy infrastructures and focuses on investments in clean energy and owns modern, sustainable and long-term contracted assets across North America. The Companyâs businesses are segregated based on conventional power generation and renewable businesses, which consist of solar, wind and energy storage. It owns approximately 6,000 net megawatts (MW) of installed wind, solar and energy storage projects. The Company's approximately 8,500 net MW of assets also includes approximately 2,500 net MW of natural gas-fired generation facilities. Its conventional projects include Carlsbad, El Segundo, GenConn Devon, GenConn Middletown, Marsh Landing and Walnut Creek. The Companyâs utility scale solar projects include Agua Caliente, Alpine, Avenal, Avra Valley, Blythe, Borrego, Buckthorn Solar, CVSR, Daggett 2, Daggett 3, Desert Sunlight 250, Kansas South and others. Its wind projects include Black Rock and Buffalo Bear.
CLEARWAY ENERGY, INC. 
