PRINCETON, N.J.--(BUSINESS WIRE)--Clearway Energy, Inc. (NYSE: CWEN, CWEN.A)  announced that it has commenced an underwritten public offering of 3,916,449 shares of its Class C common stock.

Clearway Energy intends to use the net proceeds from this offering to acquire newly issued Class C units of Clearway Energy LLC. Clearway Energy intends to cause Clearway LLC to use such proceeds to partially fund the purchase price of Clearway Energy’s acquisition of Carlsbad Energy Holdings LLC from NRG Energy, Inc. and to pay transaction fees and expenses.

UBS Investment Bank will act as the sole book runner for the offering.

About Clearway Energy

Clearway Energy, Inc., formerly NRG Yield, Inc., owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States, including fossil fuel, solar and wind power generation facilities that have the capacity to support more than two million American homes and businesses. Clearway Energy’s thermal infrastructure assets provide steam, hot and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals and governmental units in multiple locations. Clearway Energy’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively.