30th May 2025 08:31
National Grid PLC - London-based electricity and gas supplier - Completes the sale of its US onshore renewables business, National Grid Renewables, to Toronto-based Brookfield Asset Management Inc and its institutional partners, including Brookfield Renewable Partners. The terms of the deal had implied an enterprise value of USD1.74 billion. National Grid noted at the time of the sale agreement that its renewables unit "develops, constructs, owns, and operates utility-scale, solar, onshore wind and battery storage assets in the US", with 1.8 gigawatts in operation and 1.3 GW under construction.
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By Michael Hennessey, Alliance News reporter
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