|“This is a terrific day for West Virginia,” said Randy Crane, President of the Mineral County Chamber of Commerce. “I want to thank the Governor, Secretary Gaunch, and Delegate Rowan for their leadership in helping to make West Virginia so welcoming to everybody, from tourists to businesses across the land. I cannot adequately state what Clearway Energy has meant to Mineral County, our community, our nonprofits, and to the Chamber. Every person from Clearway has gone way out of their way to be a good neighbor and help us, beyond expectations. It’s just fun. Any time I have to deal with Clearway, it’s a good day. So I’m really grateful for just how easy it’s been to work with them and I'm really grateful to the State for doing their part to make this happen. The Chamber supports all forms of energy in West Virginia, and I believe that renewable energy is a bold step toward the future of clean energy.”|
Clearway also closed $197 million in construction debt financing, for which Mizuho Bank, Ltd. acted as the coordinating lead arranger and with Canadian Imperial Bank of Commerce (CIBC), MUFG Bank, Ltd., Santander, and Sumitomo Mitsui Banking Corporation (SMBC), each acting as mandated lead arrangers. Black Rock is contracted under long-term power purchase agreements with Toyota and AEP Energy, a wholly-owned subsidiary of American Electric Power. Both companies are major employers in West Virginia.
“AEP Energy is focused on providing customers with integrated, carbon-free energy supplies that deliver long-term price stability and environmental benefits. Agreements like the one with Clearway Energy Group affirm our vision and demonstrate the energy solutions we can put in place to support the development of new energy resources to boost local economies and help our customers power their homes and businesses with clean, reliable energy,” said Greg Hall, president, AEP Energy.
“Partnering with Clearway to purchase wind energy in West Virginia aligns with our commitment to renewable energy and economic growth in a region where we’ve operated for over 20 years,” said Kevin Butt, senior director of environmental sustainability for Toyota Motor North America. “Black Rock directly contributes to the Toyota Environmental Challenge 2050 and will help us eliminate carbon emissions from our manufacturing operations.”