Clearway Energy signs corporate renewable energy certificate deal with SFK

Facebook
Twitter
LinkedIn
Reddit
Email
Under the deal, SFK will purchase a portion of the RECs from the power developed at Clearway’s 452MW solar PV project in Kent County, Texas. Image: Clearway Energy Group.

Swedish industrial seal manufacturer SFK has signed a 12-year Renewable Energy Certificate (REC) purchase agreement with US clean energy developer Clearway Energy Group.

Under the deal, SFK will purchase a portion of the RECs from the power developed at Clearway’s 452MW solar PV project in Kent County, Texas, US. The project is currently under construction and the deal will commence in 2026. SFK did not specify the quantity of the RECs due to change hands.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Along with a deal for “green e-certified wind energy” to run through 2025, SFK said that the deal would enable it to offset the entirety of its emissions from its operations in the US and Canada. This forms part of its plan to decarbonise the group’s operations by 2030 and “become net zero throughout the value chain by 2050”.

RECs generated from Clearway’s solar farm will be listed with the Center for Resource Solutions (CRS). Financial details of the deal were not disclosed.

2023 was a strong year for Clearway’s renewable energy operations. In the first nine months of the year, it posted US$112 million in net income from its renewable energy facilities, compared with US$99 million from its fossil fuel projects and US$26 million from renewables in the same period of 2022.

In October the company began operations at its Daggett solar-plus-storage project in San Bernadino County, California. The site has 482MW of solar capacity and 280MW battery storage output.

17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.
7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

May 30, 2025
Independent power producer (IPP) Aquila Clean Energy has started construction on a 52MW agrivoltaics (agriPV) project in Italy.
May 30, 2025
The US added 7.4GW of new renewable energy capacity in the first three months of 2025, with deployments and planned projects concentrated in Republican-voting states.
May 30, 2025
Companies delayed or cancelled US$14 billion in investments in clean energy projects in the US in the first four months of this year.
May 30, 2025
Waaree Solar Americas – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a 586MW solar module supply agreement with an undisclosed independent power producer (IPP).
May 30, 2025
Swiss solar manufacturer Meyer Burger has abandoned module production activities at its manufacturing facility in Goodyear, Arizona, US.
May 30, 2025
Tasmania’s George Town council approved plans for a 288MW solar PV power plant this week, which is being pursued in Australia by German renewable energy developer ib vogt.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia