National Grid to sell US renewables wing for $1.7bn
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National Grid PLC is selling its US onshore renewable energy division to Brookfield Asset Management for $1.7 billion. This division includes solar, onshore wind, and battery storage projects.
February 24, 2025 | 7:45 am
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National Grid PLC is divesting its US onshore renewable energy division for $1.7 billion to Brookfield Asset Management. This sale includes solar, wind, and battery storage projects.
The sale of the US renewables division is a significant strategic move for National Grid PLC, potentially improving its financial position and allowing it to focus on other core areas. This could positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90