Deriva Energy, LLC, a leader in clean power generation, operations, and development, along with its joint venture partner Manulife Investment Management, has announced an agreement to sell an operational solar portfolio totaling 833 MWdc (613 MWac) to Clearway Energy, Inc. The financial terms of the transaction were not disclosed.
John Clapp, Chief Executive Officer of Deriva Energy, described the sale as a significant step in advancing the company’s strategy to optimize its asset portfolio and recycle capital for the next phase of growth. The transaction is expected to close by the second quarter of 2026. TD Securities served as the exclusive financial advisor to Deriva Energy and Manulife Investment Management.
Deriva Energy is a well-established leader in the clean energy sector, operating over 6,200 megawatts of assets across the United States, with an additional 10,500 megawatts in development. Headquartered in Charlotte, North Carolina, Deriva Energy is a portfolio company of Brookfield, one of the world’s largest owners and operators of renewable power. This transaction reflects Deriva Energy’s ongoing focus on strategic growth, portfolio optimization, and advancing the development of renewable energy projects across the U.S.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
