1. National Grid sells US onshore renewables business for $1.74B, including debt. 2. Transaction with Brookfield shifts strategy potentially affecting NGG’s future growth.
The divestiture signals a strategic portfolio rebalancing rather than a drastic change in core operations. Past similar transactions have often had limited immediate pricing effects.
Divesting a renewables unit provides cash and clarity on business focus, though core operations remain unaffected. This strategic move is significant but its impact will be realized over the long term.
While the near-term effects may be minimal, reallocation of capital could reshape strategic priorities over time.