TotalEnergies SE Reports 41% Stake in Clearway Energy Following Class A to Class C Conversion

TotalEnergies SE and its subsidiaries filed an Amendment No. 3 to their Schedule 13D for Clearway Energy, Inc. (CWEN) on May 1, 2026. The filing reports a beneficial ownership of 84,175,483 shares of Class C Common Stock, representing 41.0% of the class. This position includes 121,168,025 outstanding shares of Class C Common Stock plus 42,738,750 Class B Units and 41,361,142 Class D Units that are exchangeable for Class C Common Stock on a one-for-one basis. The primary purpose of this amendment was to reflect the automatic conversion of all Class A Common Stock into Class C Common Stock, effective May 1, 2026. Additionally, Clearway Energy Group entered into a Voting Trust Agreement, depositing 41,678,637 shares of Class B Common Stock to ensure total relative voting power remains consistent following the conversion. TotalEnergies disclaims beneficial ownership of the securities except to the extent of its pecuniary interest and reports as part of a group with Global Infrastructure Partners (GIP).