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National Grid PLC has announced the sale of its US onshore renewable energy division for US$1.7 billion (£1.3 billion). Brookfield Asset Management had agreed to buy the business, which develops and operates solar, onshore wind and battery storage projects, a statement said on Monday.

Britain's National Grid said on Monday it would sell its U.S. onshore renewables business to private equity firm Brookfield Asset Management and its partners in a deal valued at $1.74 billion, including debt.

2024 annual results Excellent operational performance in a context of lower market prices Flamanville 3 connected to the French national grid for the first time Net financial debt stabilised Rollout of the “Ambitions 2035” strategy Successful commercial offerings 2024 performane boosted by the substantial rise in nuclear and hydro output Electricity output: 520TWh (+41.3 for nuclear in France and +12.7TWh for hydropower) Sales: €118.7 bn EBITDA: €36.5 bn EBIT: €18.3 bn Net income - Group share: €11.4 bn Net Financial Debt: €54.3 bn - NFD / EBITDA: 1.49x Adjusted Economic Debt: €87.6 bn - AED / adjusted EBITDA: 2.73x Sales Sales totalled €118.7 bn, an organic decrease of 15.7% vs 2023 as prices fell in the countries where the Group does business. EBITDA EBITDA was €36.5 bn in 2024.

Low-Income Customers Can Apply for Enhanced Emergency Heating Assistance BROOKLYN, N.Y. , Feb. 18, 2025 /PRNewswire/ -- National Grid and the National Grid Foundation today announced a joint $1.4 million contribution to support the company's low-income and emergency heating programs, the Care & Share Energy Fund and the Neighborhood Heating Fund, which opened today.

National Grid PLC (LSE:NG.) has been upgraded to 'buy' (from neutral) by US bank Citi after weakness for the power distributor due to the macro uncertainty currently.

National Grid: Upside Exists In Utilities And This Is One Of Them, Especially After The Decline

Utilities have fallen out of favour a little with the rise in bond yields in the US and UK, but earnings across the sector should be supportive in the next round of updates says Citi, which still likes National Grid PLC (LSE:NG.) and SSE PLC (LSE:SSE).