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Clearway Energy, Inc. reported its first quarter 2024 financial results, signing agreements for wind and solar projects, new Resource Adequacy Contracts, and increasing quarterly dividend. The company reported a Net Loss of $(46) million, Adjusted EBITDA of $211 million, Cash from Operating Activities of $81 million, and Cash Available for Distribution of $52 million. The company remains optimistic about achieving its 2024 financial objectives and long-term dividend growth targets.
Clearway Energy, Inc. announced CEO transition where Chris Sotos will step down as CEO and Craig Cornelius will take over. The transition is effective June 30, 2024. Sotos led the company to financial success since its 2013 IPO, and Cornelius has a proven track record in renewable energy. The company reaffirmed its 2024 full year CAFD guidance of $395 million, anticipating growth investments and renewable energy production estimates.
