Reported about 4 hours ago
National Grid has finalized an agreement to sell its U.S. onshore renewables division to Canadian firm Brookfield Asset Management for $1.74 billion, including debt. This move aligns with National Grid's strategy to concentrate on its energy network operations while divesting from renewables due to dwindling profitability across the sector. The transaction is expected to close in the first half of the financial year ending March 31, 2026, pending regulatory approval.
Source: YAHOO