National Grid to sell US onshore renewables business to Brookfield Asset Management

This transaction is another important step in delivering National Grid’s previously communicated strategy to focus on networks and streamline business as announced in May 2024.

The terms of the transaction imply an enterprise value for National Grid Renewables of US$1.735 billion. The final cash consideration will be subject to customary completion adjustments.

Completion of the transaction will be subject to certain consents and regulatory approvals. Subject to these clearances, National Grid expects that the transaction will complete in the first half of the financial year ending 31 March 2026.

 

 

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Read the article online at: https://www.energyglobal.com/wind/24022025/national-grid-to-sell-us-onshore-renewables-business-to-brookfield-asset-management/