Clearway Energy Secures $918.9 Million U.S. Credit Facilities to Expand Wind, Solar, and Storage Pipeline

Clearway Energy Secures $918.9 Million U.S. Credit Facilities to Expand Wind, Solar, and Storage Pipeline

(IN BRIEF) Clearway Energy Group, Natixis CIB, and a consortium of 13 lenders have finalized a $918.9 million credit facility in the U.S., increasing and extending the previous $818.9 million arrangement. The package includes a $400 million revolver, $350 million in letters of credit, and a $168.9 million term loan to underwrite Clearway’s wind, solar, and battery storage project pipeline. Natixis CIB led the financing as Coordinating Lead Arranger and Green Loan Coordinator, among other roles, while Kirkland & Ellis and Steptoe LLP served as legal counsel. Since its 2022 founding, Clearway has grown to over 5 GW of operating renewables and 16 GW in development. The new capital will support its goal of scaling clean energy deployment across the U.S.

(PRESS RELEASE) NEW YORK, 26-Jun-2025 — /EuropaWire/ — Clearway Energy Group (“Clearway”), Natixis Corporate and Investment Banking (“Natixis CIB”), and a syndicate of 13 lenders have closed a $918.9 million financing package, upsizing and extending the company’s existing $818.9 million credit facilities. The transaction brings on five new lending partners alongside Clearway’s existing backers. Structured as a $400 million revolving credit line, a $350 million letter of credit facility, and a $168.9 million term loan, the proceeds will fuel development of Clearway’s expanding wind, solar, and battery storage pipeline. Natixis CIB served as Coordinating Lead Arranger, Bookrunner, Syndication Agent, Documentation Agent, Green Loan Coordinator, Issuing Bank, and Administrative Agent. Legal counsel was provided by Kirkland & Ellis for Clearway and Steptoe LLP for the lenders.

Max Gardner, Treasurer and SVP of Corporate Finance at Clearway, commented, “This upsized, extended financing is pivotal to our U.S. growth strategy, enabling us to accelerate project development across renewable energy and storage. The backing from Natixis and our banking partners is critical as we expand our footprint and deliver reliable, affordable clean energy.”

Formed just over three years ago, Clearway has rapidly risen to rank among the top five U.S. renewable energy companies by owned capacity, operating over 5 GW of wind, solar, and battery assets, with a development pipeline exceeding 16 GW. Arnaud Stevens, MD and Head of Global Trade, Americas at Natixis CIB, added, “We’re proud to have supported Clearway on this landmark deal. Innovative financing like this is essential to scale renewable infrastructure and drive the energy transition, and our collaboration with 13 esteemed banking partners was key to its success.”

About Natixis Corporate & Investment Banking

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.

Our teams of experts in about 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.

As part of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor’s: A+, Moody’s: A1, Fitch: A+, R&I: A+).

About Groupe BPCE

Groupe BPCE is the second-largest banking group in France and the fourth-largest in the euro zone in terms of capital. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group’s financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody’s (A1, stable outlook), Standard & Poor’s (A+, stable outlook), Fitch (A+, stable outlook) and R&I (A+, stable outlook).

The press area was created by BPCE in order to make it easier for professionals to access Groupe BPCE press releases, images, videos, computer graphics, etc. (hereafter referred to collectively as the “Content”). This Content can be used to illustrate all publications, reports, articles or, more generally, any document or medium designed to inform the public of Groupe BPCE’s activity. You are not allowed to use the Content for commercial or publicity purposes. You are not allowed to modify the Content (except for changes of format). The Content is regularly updated by BPCE, therefore you should  frequently access the press area in order to ensure you use the latest version of the Content. Your attention is also drawn to the fact that the Content contains elements considered to be intellectual works protected by copyright law and notably by France’s intellectual property code. Consequently, the photo credit (shown at the bottom right of the photo) and the mention [source BPCE] must be displayed in all publications (printed or electronic). Any user who fails to respect these conditions shall be liable vis-à-vis BPCE, the author of the Content or his/her beneficiaries and, where applicable, the persons whose image is reproduced in the Content. By downloading and, more generally, using all or part of the Content you agree to these terms.

Media Contact:

Tara Flanagan, Prosek Partners
Tel: +1 646 818 9022
tflanagan@prosek.com
cib.natixis.com

SOURCE: Groupe BPCE