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Deriva Energy, Manulife Investment Management to Sell 833 MWdc Solar Portfolio to Clearway Energy

Deriva Energy and its joint venture partner Manulife Investment Management have agreed to sell their 833 MWdc (613 MWac) operating solar portfolio to Clearway Energy. The deal is expected to close by Q2 2026.

October 09, 2025. By Mrinmoy Dey

US-based Deriva Energy along with their joint venture partner Manulife Investment Management have announced that it reached an agreement to sell an 833 MWdc (613 MWac) operational solar portfolio to Clearway Energy.

“This transaction represents an important step in advancing our strategy to optimise our asset portfolio and recycle capital into our next phase of growth,” said John Clapp, Chief Executive Officer of Deriva Energy.

TD Securities acted as exclusive financial advisor to Deriva Energy and Manulife Investment Management.

The transaction is expected to close by the second quarter of 2026.

Deriva Energy, a portfolio company of Brookfield, has over 6.2 GW of operating assets and over 10.5 GW of assets in development across the US.

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Solar PV

Deriva Energy

Manulife Investment Management

Clearway Energy

Solar asssets sale

Solar projects in US