Project Details
Project
Clearway Energy Operating LLC. Green Bond Framework Second Party Opinion (2025)
Client
Clearway Energy Operating LLC
Project Type
Green Bond/Loan
Industry Group
Energy Services
Use of Proceeds
Renewable energy
Location
U.S.
Evaluation Date
Nov 2025
Evaluation Summary
Clearway Energy Operating, LLC., the Issuer or Clearway Operating, has developed the Clearway Energy Operating, LLC. Green Bond Framework dated October 2025, under which it intends to issue green bonds to fund renewable energy projects in the US in a single environmental category.
We have assessed the overall Sustainability Contribution of the Framework as Strong, based on the Sustainability Contribution of the Framework’s single use of proceeds category.
Expenditures under the Renewable Energy Generation and Storage category will include the construction, maintenance, refurbishment and acquisition of solar and wind energy facilities as well as battery energy storage systems (BESS). Clearway Operating intends for these expenditures to supply renewable energy and increase grid reliability. Expenditures under the Framework are expected to strongly support the global energy transition and the decarbonization of the energy sector.
We have assessed the Framework as Aligned with the Green Bond Principles 2025.