Clearway Closes Financing and Starts Construction on Solar and Energy Storage Project in California

SAN FRANCISCO – Clearway Energy Group (“Clearway”) announced today that it closed $550 million in construction financing and started construction on its Rosamond South I solar and storage project in KernCounty, California. Once complete, the 140 MW solar and 118 MWstorage project will generate enough electricity to power over 63,000homes every year.

“Kern County has long served as a critical provider of our country’s energy,” said BrooksFriedeman, Vice President of Capital Markets at Clearway. “We are pleased to invest in and helpcontinue Kern County’s energy leadership legacy through our Rosamond South solar and storageproject, which will provide reliable and low-cost power when needed most.”Rosamond South 1, which is referred to as Golden Fields Solar IV LLC by its offtakers, is under longterm contracts with several California load-serving entities, including 15-year agreements withMCE, The University of California, Rancho Cucamonga Municipal Utility, Eastside Power Authority,and City of Moreno Valley.

To finance the $550 million construction loan forthe solar and storage projects, Clearwayassembled a bank consortium consisting of Societe Generale, Australia and New Zealand BankingGroup Limited Siemens Financial Services, Commerzbank, CoBank, DNB Bank ASA, and Nord/LB.More than 400 union labor jobs will be created during construction, which is being led by theengineering, procurement, and construction (EPC) contractor McCarthy Building Companies, Inc.Labor partners included Laborers Union 220, Southwest Regional Council of Carpenters, OperatingEngineers Local 12, IBEW Local 428, Ironworkers Local 416 and Local 433.The project is expected to reach commercial operations in 2025 and will bring Clearway’soperating footprint in Kern County to over1,500 MW of wind, solar, and energy storage, whichtogether contribute over $20 million in property taxes to the county each year.

About Clearway Energy Group

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with ourpublic affiliate Clearway Energy, Inc., we operate approximately 10,400 MW of gross generatingcapacity in 26 states, maintaining a net ownership interest in over 6,500 MW of wind, solar, andenergy storage assets, and approximately 2,500 MW of environmentally-sound, highly efficientnatural gas generation facilities. As we develop a nationwide pipeline of new renewable energyprojects forthe future, Clearway’s fleet of emissions-free generating assets offset the equivalentof more than 10 million metric tons of carbon emissions for our customers today. Clearway EnergyGroup is headquartered in San Francisco with offices in Carlsbad, Calif.; Scottsdale, Ariz.; Denver;Houston; and Princeton, N.J.

For more information, visit clearwayenergygroup.com