Clearway Energy Inc., the US renewables yieldco known formerly as NRG Yield, reported its first quarterly results under new sponsor Global Infrastructure Partners, saying it expects to chalk up a 3.5% increase in cash available for distribution (CAFD) to shareholders in 2019 as it begins adding to its multi-gigawatt renewables portfolio.
In August Global Infrastructure Partners, a major infrastructure fund based in New York, finalised its acquisition of NRG Energy’s yieldco and renewables development platform, with NRG largely returning to its roots as a generator and retailer of gas- and coal-fired power.
