Clearway Energy(US:CWEN)2025-04-30 20:42Financial Performance & Guidance - First quarter CAFD reached $77 million, demonstrating strong operational performance across segments[7, 27] - Clearway Energy reaffirmed its 2025 CAFD guidance range of $400-440 million[7, 27] - The company announced a dividend increase of 1.7% to $0.4384 per share in 2Q25, resulting in an annualized rate of $1.7536 per share[7] - The company reaffirms CAFD per share target of $2.40-2.60 in 2027 with no external equity needed to achieve midpoint, and now has strong visibility to achieve the top end of the target[7] Growth Initiatives - Mt Storm repowering is on track, with construction slated to begin in 2025 and a Microsoft PPA signed[7] - Goat Mountain repowering is targeted for 2027, with PPA in final negotiations, and San Juan Mesa repowering is advancing with a PPA extension as a bridge[7] - Committed drop-downs are progressing as planned, with initial fundings completed for Rosamond South I, Dan's Mountain, and LV+Daggett 1[7] - Clearway Energy closed a 3rd party acquisition of Tuolumne Wind and signed a 3rd party M&A agreement for a solar project, involving approximately $120-125 million of corporate capital[7] Sponsor-Enabled Growth & Pipeline - The sponsor is advancing approximately 9.9 GW of late-stage projects, which are expected to support Clearway Energy's growth plan[7, 48] - Existing and pending safe harbor investments are on pace to qualify approximately 13 GW through 2029 CODs, maximizing site optionality[7, 19]