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Stock impact report

Global Infrastructure Partners and TotalEnergies announce a strategic partnership in U.S. renewables including their controlling stakes in Clearway Energy Group and SunPower Corporation

SunPower Corporation (SPWR) 
Last sunpower corporation earnings: 2/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.sunpower.com
Company Research Source: PR Newswire
NEW YORK , May 25, 2022 /PRNewswire/ -- Global Infrastructure Partners (GIP) and TotalEnergies have formed a strategic partnership to advance their commitment to the U.S. renewable energy sector. TotalEnergies will acquire half of GIP's interest in Clearway Energy Group (Clearway), a privately held renewable development company that owns a controlling stake with a 42% economic interest in Clearway Energy, Inc. (NYSE: CWEN. CWEN.A).  In consideration, GIP will receive $1.60 billion in cash, plus an approximately 50% interest in the TotalEnergies subsidiary that holds its 51% ownership in SunPower Corporation (NASDAQ: SPWR), a leader in residential solar in the U.S. (with the final amounts subject to purchase price adjustments).Clearway owns the fifth largest operating portfolio of non-regulated renewable assets in the U.S. (5.7 GW) and a 22 GW development pipeline and will represent TotalEnergies' largest investment in U.S. renewables to date. Since early 2021, TotalEnergies has secure Show less Read more
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