06:45 AM EDT, 10/06/2025 (MT Newswires) -- Clearway Energy ( CWEN/A ) said Monday it agreed to acquire a 613 MWac operational solar portfolio in eight states from Deriva Energy.

For 12 assets in the portfolio in the Western US, the company will co-invest cash equity stakes in a 50/50 joint venture with Fengate Asset Management.

Clearway expects the deal to close by Q2.

The company said it expects its long-term net corporate capital investment in the portfolio to be about $210 million to $230 million.