National Grid has announced the sale of its US onshore renewables arm to Brookfield Asset Management for £1.37 billion, with the deal expected to finalize by September. This sale is part of National Grid's broader strategy to streamline operations and focus on their network services, reflecting the company's efforts to consolidate resources for future investments. The decision highlights a shift in priorities as the infrastructure energy group navigates evolving market demands.
This transaction is another important step in delivering National Grid's previously communicated strategy to focus on networks and streamline our business, as announced in May 2024.
National Grid has said they will sell their US onshore renewables arm to Brookfield Asset Management in a deal worth £1.37 billion.
#national-grid #renewable-energy #brookfield-asset-management #investment-strategy #energy-infrastructure
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