Clearway Energy, Inc. Q3 FY26 Results

Summary

Clearway Energy, Inc. released its operational data preview for the third quarter of 2026. The company reported that wind and solar resources in 3Q 2026 aligned with revised 2026 financial guidance, which had incorporated ENSO patterns. Wind Compensable Generation met expectations, bolstered by favorable resources and liquidated damages, though minor variances in Midwest Wind availability were noted. Solar resource in the Western US was slightly below P-50 forecasts. Plant Availability remained strong in Solar (97%) and Flexible Generation (94%), with improvements underway for certain wind assets.

Key Highlights

1. 1

   Observed wind and solar resource in 3Q 2026 was in line with the updated forecasts underlying the Company’s revised 2026 financial guidance.

2. 2

   The Performance Index was consistent with quarterly CAFD expectations within the range of the 3Q 2026 sensitivity disclosure.

3. 3

   Wind Compensable Generation in 3Q 2026 was in line with expectations, supported by favorable wind resource and liquidated damages.

4. 4

   3Q 2026 Plant Availability in the Solar and Flexible Generation segments remained high at 97% and 94%, respectively.

5. 5

   Midwest Wind and East Wind availability were driven by small projects using discontinued wind OEM technology, which are being addressed through an active improvement campaign.