05:51 PM EST, 11/25/2024 (MT Newswires) -- Clearway Energy ( CWEN/A ) said late Monday it agreed to acquire the Tuolumne wind project from Turlock Irrigation District.

The total long-term commitment to acquire the 137-megawatt project in Washington will be about $70 million to $75 million, according to the company.

Clearway said it will fund the acquisition with current liquidity and expects to close the deal in Q1 2025.

The company said it also agreed to a new 15-year power purchase deal with Turlock Irrigation District with an option to extend.