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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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24 Articles
24 Articles
Coverage Details
Total News Sources24
Leaning Left7Leaning Right1Center3Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 27%
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