Certain Units of Clearway Energy, Inc. are subject to a Lock-Up Agreement Ending on 3-JAN-2020.
January 03, 2020
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Certain Units of Clearway Energy, Inc. are subject to a Lock-Up Agreement Ending on 3-JAN-2020. These Units will be under lockup for 31 days starting from 3-DEC-2019 to 3-JAN-2020.
Details:
The company's executive Directors and officers have agreed not to sell or transfer any common stock or securities convertible into, exchangeable for, exercisable for, or repayable with common stock, for 30 days after the date of the prospectus supplement, with certain limited exceptions, without first obtaining the written consent of the underwriter.
Clearway Energy, Inc. is a renewable energy company. The Company invests in energy infrastructures and focuses on investments in clean energy and owns modern, sustainable and long-term contracted assets across North America. Its businesses are segregated based on conventional power generation and renewable businesses, which consist of solar, wind and energy storage. It owns approximately 6,200 net megawatts (MW) of installed wind, solar and energy storage projects. The Company's approximately 8,700 net MW of assets also includes approximately 2,500 net MW of natural gas-fired generation facilities. Its conventional projects include Carlsbad, El Segundo, GenConn Devon, GenConn Middletown, Marsh Landing and Walnut Creek. The Companyâs utility scale solar projects include Agua Caliente, Alpine, Avenal, Avra Valley, Blythe, Borrego, Buckthorn Solar, CVSR, Daggett 2, Daggett 3, Desert Sunlight 250, Kansas South, and others. Its wind projects include Black Rock, Buffalo Bear and Cedar Creek.