Clearway Energy (CWEN) Reports 3Q 2026 Wind and Solar Performance

By Tamara Parker • Tuesday, October 20 10:52 • Permanent Link

The company said 3Q 2026 wind and solar resource came in line with the updated forecasts used in its revised full-year guidance, with the quarterly performance index landing within the sensitivity range disclosed in its 2Q 2026 earnings materials.

Wind compensable generation in the third quarter totaled 2,424 GWh, down from 3,282 GWh in 2Q 2026 and 2,974 GWh in 1Q 2026. Solar compensable generation rose to 3,366 GWh from 3,585 GWh in 2Q 2026, but was above the 2,297 GWh posted in 1Q 2026.

Across the portfolio, total wind capacity held steady at 3,569 MW in each of the first three quarters, while total solar capacity was unchanged at 3,249 MW. Wind plant availability slipped to 91% in 3Q 2026 from 92% in 2Q 2026 and 93% in 1Q 2026. Solar plant availability eased to 97% from 99% in the prior quarter and 98% in the first quarter.

Regional wind availability showed the sharpest quarterly swings in the Midwest and East. Midwest wind availability fell to 83% in 3Q 2026 from 94% in 2Q 2026, while East wind availability dropped to 88% from 92%. By contrast, West-CAISO wind availability improved to 94% from 93%, and Texas rose to 92% from 89%.

In solar, West-CAISO availability increased to 94% from 93%, while West-other held at 94% after 95% in 2Q 2026. Texas solar availability improved to 92% from 89%, but Midwest solar availability fell to 83% from 94%.

The performance index for total wind improved to 98% in 3Q 2026 from 96% in 2Q 2026 and 94% in 1Q 2026. Total solar performance index declined to 93% from 95% in 2Q 2026 and 99% in 1Q 2026.

By region, wind performance index reached 113% in Texas in 3Q 2026, up from 93% in 2Q 2026, while West-CAISO held at 94% and West-other also came in at 94%. Midwest wind performance index dropped to 81% from 94%, and East improved to 116% from 101%.

For solar, West-CAISO performance index was 94% in 3Q 2026, up from 96% in 2Q 2026, while West-other fell to 94% from 100%. Texas rose to 113% from 93%, but Midwest declined to 81% from 94%, and East moved to 116% from 101%.

Year to date, the company reported 8,680 GWh of wind compensable generation and 9,248 GWh of solar compensable generation. YTD performance index stood at 95% for both wind and solar. Following these announcements, the company's shares moved -1.27%, and are now trading at a price of $29.55. If you want to know more, read the company's complete 8-K report here.

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