National Grid Lights Up the Horizon: A Fresh Deal with Brookfield
In a bold move that signals a new chapter for the UK’s largest infrastructure energy squad, National Grid has decided to part ways with its US onshore renewables arm. The sale, negotiated for a hefty £1.37 billion, is slated to wrap up by September.
Why the Shake‑Up?
- Strategic Focus – National Grid wants to hone in on what it does best: keeping the light on for the UK. By ceding its renewable assets in the US, the company can tighten its reins around its core network operations.
- Future‑Proofing – The cash from the sale will be earmarked to supercharge upcoming investments, ensuring that the grid remains robust, resilient, and ready for tomorrow’s challenges.
- Streamlining the Mix – It’s part of a wider plan set out in May 2024, aiming to cut through the clutter and let the business breathe easier.
What’s in the Deal?
Brookfield Asset Management is stepping in to absorb the US onshore renewables portfolio. The transaction not only provides National Grid with a tidy £1.37 billion but also brings a fresh partner with the know‑how and appetite to grow renewable projects across the States.
Looking Ahead—The Road Map
Once the paperwork is signed by September, the transition will unlock a surge of capital for National Grid’s network upgrades, smart‑grid tech, and future expansion. Meanwhile, Brookfield’s team will take over the US renewable operations, ready to push the envelope on clean energy.
In a Nutshell
National Grid = 1.37 bn euros income, focused networks, future investments.
Brookfield = fresh hand on US renewables port, ready to accelerate clean power.
