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National Grid divests U.S. renewables business in $1.7 billion deal

Summary by Pv Magazine USA
Brookfield Asset Management agreed to purchase National Grid's renewable energy business, including its utility-scale solar, onshore wind and battery-storage U.S. assets.National Grid will sell its U.S. onshore renewables business to Brookfield Asset Management for nearly $1.74 billion. The sale, which will go to Brookfield Renewable Partners and the Canadian investment firm’s other institutional partners, includes National Grid’s 3.1 GW portfol…
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pv magazine USApv magazine USA

National Grid divests U.S. renewables business in $1.7 billion deal

Brookfield Asset Management agreed to purchase National Grid's renewable energy business, including its utility-scale solar, onshore wind and battery-storage U.S. assets.National Grid will sell its U.S. onshore renewables business to Brookfield Asset Management for nearly $1.74 billion. The sale, which will go to Brookfield Renewable Partners and the Canadian investment firm’s other institutional partners, includes National Grid’s 3.1 GW portfol…

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Private Equity WirePrivate Equity Wire

Brookfield targets $7bn for new infrastructure debt fund

Canadian alternative investment giant Brookfield Asset Management is aiming to raise at least $7bn for its fourth infrastructure debt fund, expanding one of the largest strategies in the sector, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that the new fund will invest in both junior and senior infrastructure debt, continuing Brookfield’s existing approach. Its predecessor, which clos…

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ESG TodayESG Today

Brookfield Acquires National Grid’s U.S. Renewables Business for $1.7 Billion

UK-based power company National Grid announced an agreement to sell its U.S. onshore renewables business, National Grid Renewables to Brookfield Asset Management, in a deal valuing the business at an enterprise value of $1.735 billion. National Grid Renewables develops, constructs and operates renewable energy production and storage projects across several states in the U.S. The company’s […]

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ESG Today broke the news in on Wednesday, February 26, 2025.
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