National Grid Announces Sale of US Onshore Renewables Business

National Grid has announced plans to sell its US onshore renewables business to Brookfield Asset Management. The sale is expected to be completed in the first half of the financial year ending March 31, 2026, subject to regulatory approvals.

Transaction Details

• The sale is a strategic move by National Grid to divest its renewable energy assets and focus on its core business.
• The transaction is expected to be completed in the first half of the financial year ending March 31, 2026.
• The sale is subject to regulatory approvals.

Acquisition by Brookfield Asset Management

• Brookfield Asset Management will acquire a significant portfolio of renewable energy assets in the US as a result of the transaction.
• The acquisition is a significant move by Brookfield Asset Management to expand its renewable energy portfolio.

Timeline

• The sale is expected to be completed in the first half of the financial year ending March 31, 2026.
• Regulatory approvals are required for the transaction to be completed.