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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

The Hamilton SpectatorThe Hamilton Spectator
+3 Reposted by 3 other sources
Lean Left

Brookfield Asset Management and partners sign deal for National Grid Renewables

TORONTO - Brookfield Asset Management and its institutional partners have signed a deal to buy National Grid Renewables.

·Hamilton, Canada
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  • 64% of the sources lean Left
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DirectorsTalk Interviews broke the news in on Monday, February 24, 2025.
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