Clearway Signs 335 MW Power Purchase Agreement with Microsoft
Clearway Energy Group has secured a significant long-term power purchase agreement (PPA) with Microsoft for their 335-megawatt Mount Storm wind farm project in Grant County, West Virginia.
Key highlights of the agreement:
- The project will support Microsoft's carbon reduction and sustainability goals
- Mount Storm will be constructed using American-made equipment
- The project promises substantial community benefits, including: - Millions in tax revenue - Hundreds of construction jobs - Funding for community programs
According to Valerie Wooley, Senior Vice President of Origination at Clearway, the company is excited to collaborate with Microsoft on the Mount Storm project, emphasizing their commitment to renewable energy development and local economic growth.
Clearway Energy Group ha ottenuto un importante accordo di acquisto di energia a lungo termine (PPA) con Microsoft per il progetto del parco eolico Mount Storm da 335 megawatt nella contea di Grant, West Virginia.
Punti salienti dell'accordo:
- Il progetto sosterrà gli obiettivi di Microsoft in termini di riduzione delle emissioni di carbonio e sostenibilità
- Mount Storm sarà realizzato con attrezzature prodotte negli Stati Uniti
- Il progetto garantirà significativi benefici per la comunità, tra cui:
- Milioni di entrate fiscali
- Centinaia di posti di lavoro nel settore delle costruzioni
- Finanziamenti per programmi comunitari
Secondo Valerie Wooley, Vice Presidente Senior dell'Origination presso Clearway, l'azienda è entusiasta di collaborare con Microsoft sul progetto Mount Storm, sottolineando il loro impegno nello sviluppo delle energie rinnovabili e nella crescita economica locale.
Clearway Energy Group ha asegurado un importante acuerdo de compra de energía a largo plazo (PPA) con Microsoft para su proyecto de parque eólico Mount Storm de 335 megavatios en el condado de Grant, Virginia Occidental.
Puntos clave del acuerdo:
- El proyecto apoyará los objetivos de Microsoft de reducción de carbono y sostenibilidad
- Mount Storm se construirá utilizando equipos fabricados en Estados Unidos
- El proyecto promete beneficios sustanciales para la comunidad, incluyendo:
- Millones en ingresos fiscales
- Cientos de empleos en construcción
- Financiamiento para programas comunitarios
Según Valerie Wooley, Vicepresidenta Senior de Originación en Clearway, la empresa está entusiasmada de colaborar con Microsoft en el proyecto Mount Storm, destacando su compromiso con el desarrollo de energías renovables y el crecimiento económico local.
Clearway Energy Group가 웨스트버지니아 그랜트 카운티에 위치한 335메가와트 규모의 Mount Storm 풍력 발전 프로젝트를 위해 Microsoft와 중요한 장기 전력 구매 계약(PPA)을 체결했습니다.
계약의 주요 내용:
- 이 프로젝트는 Microsoft의 탄소 감축 및 지속 가능성 목표를 지원합니다
- Mount Storm은 미국산 장비를 사용해 건설됩니다
- 프로젝트는 지역사회에 다음과 같은 상당한 혜택을 약속합니다:
- 수백만 달러의 세수 증가
- 수백 개의 건설 일자리
- 지역사회 프로그램 자금 지원
Clearway의 오리진 부문 수석 부사장 Valerie Wooley는 Mount Storm 프로젝트에서 Microsoft와 협력하게 되어 기쁘며, 재생 에너지 개발과 지역 경제 성장에 대한 회사의 의지를 강조했습니다.
Clearway Energy Group a conclu un accord important de contrat d'achat d'électricité à long terme (PPA) avec Microsoft pour leur projet de parc éolien Mount Storm de 335 mégawatts dans le comté de Grant, en Virginie-Occidentale.
Points clés de l'accord :
- Le projet soutiendra les objectifs de Microsoft en matière de réduction des émissions de carbone et de durabilité
- Mount Storm sera construit avec des équipements fabriqués aux États-Unis
- Le projet promet des bénéfices substantiels pour la communauté, notamment :
- Des millions de dollars de recettes fiscales
- Des centaines d'emplois dans la construction
- Un financement pour des programmes communautaires
Selon Valerie Wooley, vice-présidente principale de l'Origination chez Clearway, l'entreprise est ravie de collaborer avec Microsoft sur le projet Mount Storm, soulignant leur engagement envers le développement des énergies renouvelables et la croissance économique locale.
Clearway Energy Group hat eine bedeutende langfristige Stromabnahmevereinbarung (PPA) mit Microsoft für ihr 335-Megawatt-Windparkprojekt Mount Storm im Grant County, West Virginia, abgeschlossen.
Wichtige Highlights der Vereinbarung:
- Das Projekt unterstützt Microsofts Ziele zur Kohlenstoffreduzierung und Nachhaltigkeit
- Mount Storm wird mit in den USA hergestellten Geräten gebaut
- Das Projekt verspricht erhebliche Vorteile für die Gemeinschaft, darunter:
- Millionen an Steuereinnahmen
- Hunderte von Arbeitsplätzen im Bauwesen
- Finanzierung für Gemeinschaftsprogramme
Valerie Wooley, Senior Vice President für Origination bei Clearway, äußerte, dass das Unternehmen sich freut, mit Microsoft am Mount Storm-Projekt zusammenzuarbeiten, und betonte ihr Engagement für die Entwicklung erneuerbarer Energien und das lokale Wirtschaftswachstum.
- Secured major 335 MW power purchase agreement with Microsoft, a high-profile tech customer
- Long-term contract ensures stable revenue stream from Mount Storm wind project
- Project will generate local economic benefits including tax revenue and construction jobs
- Using American-made equipment, reducing supply chain risks
- None.
Insights
Clearway Energy Group's 335 MW PPA with Microsoft strengthens its project pipeline, with potential future implications for CWEN.
This announcement details a significant commercial milestone for Clearway Energy Group (the private developer), not to be confused with Clearway Energy Inc. (CWEN), the publicly traded yieldco. This distinction is critical for investors to understand.
The 335 MW Mount Storm wind project represents a substantial asset, and securing Microsoft as an offtaker adds considerable value. Corporate PPAs with creditworthy technology companies are highly coveted in the renewable sector as they provide long-term revenue stability and enhance project financiability. While specific terms aren't disclosed, PPAs of this magnitude typically represent significant contracted revenue streams over their lifetime.
The mention of American-made equipment is noteworthy as it likely positions the project to qualify for enhanced tax incentives under the Inflation Reduction Act's domestic content provisions, potentially improving overall project economics.
For CWEN investors, this project represents a potential future growth opportunity if it becomes available for acquisition from the sponsor through their right of first offer (ROFO) arrangement. However, the press release provides no timeline or guarantee of such a transaction, and no financial details that would allow assessment of potential impact on CWEN's future cash flows.
The local economic benefits mentioned, including tax revenue and construction jobs, indicate community support, which typically facilitates smoother development and reduces completion risk.
Clearway’s Mount Storm project to support Microsoft’s carbon reduction goals
SAN FRANCISCO, April 28, 2025 (GLOBE NEWSWIRE) -- Clearway Energy Group (“Clearway”) has signed a long-term power purchase agreement (PPA) with Microsoft for the 335 megawatt (MW) Mount Storm wind farm located in Grant County, West Virginia. Mount Storm will support Microsoft’s sustainability and decarbonization goals by generating carbon-free energy.
“Clearway is thrilled to announce our work with Microsoft on the Mount Storm project. We are proud to support the development of renewable energy and economic growth in the community,” said Valerie Wooley, Senior Vice President of Origination at Clearway.
The Mount Storm project will be built with American-made equipment. In addition, the Mount Storm wind project will deliver significant investment to the community including millions of dollars in tax revenue, hundreds of construction jobs, as well as funding for community benefit programs.
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About Clearway Energy Group
About Clearway Energy
Clearway Energy Group’s vision is a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information clearwayenergygroup.com.
Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the U.S. and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 11.8 GW of gross capacity in 26 states, including approximately 9.1 GW of wind, solar and battery energy storage systems and approximately 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide its investors with stable and growing dividend income. Clearway Energy, Inc.’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by its controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.com.
Media Contact:
Zadie Oleksiw
Senior Director, Communications
202.836.5754 | Zadie.Oleksiw@clearwayenergy.com
FAQ
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