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Brookfield buys National Grid’s renewables business in US for $1.7bn

National Grid plc has agreed to sell its onshore renewables business in the U.S. To Brookfield Asset Management for a deal valued at $1.735 billion.
The transaction value implies an enterprise value for National Grid Renewables of $1.735 billion, and completion is expected in the first half of the financial year ending March 31, 2026, pending approvals.
Brookfield is acquiring operations that include 1.8 gigawatts currently operational and 1.3 gigawatts under construction.
National Grid is refocusing its strategy to concentrate on networks and streamline its business following the sale of assets in recent months.

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Electrek

National Grid to sell its US renewables arm for $1.74B

British energy giant National Grid will sell National Grid Renewables in the US to Canada's Brookfield Asset Management for $1.74 billion.

7 days ago

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Oil Price

Brookfield Buys National Grid’s U.S. Renewable Business for $1.7 Billion

National Grid has agreed to sell its US onshore renewables business to Brookfield Asset Management for $1.735 billion, as part of its strategy to focus on network operations.

8 days ago·London, United Kingdom

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Bloomberg

Brookfield buys national grid renewables for US$1.7 billion

National Grid Plc agreed to sell its U.S. onshore renewables business to Brookfield Asset Management for US$1.7 billion after U.S. President Donald Trump vowed to curb the growth of green electricity.

8 days ago·United States

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Daily Mirror

National Grid agrees sale of US onshore renewables operation for £1.37bn

The FTSE 100-listed energy infrastructure group, which runs much of Britain's electricity grid, is selling off parts of its portfolio to help fund investment plans

8 days ago·London, United Kingdom

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