The FTSE 100-listed company initiated the sale in 2024 as part of a broader strategy to streamline operations and concentrate on its core energy networks.
Neither National Grid nor Brookfield immediately responded to requests for comment.
A Strategic Move Amidst Energy Transition
Russ Mould, investment director at AJ Bell, weighed in on the deal, stating, “National Grid must channel significant capital into upgrading its electricity infrastructure on both sides of the Atlantic. Divesting non-core businesses has long been a part of this strategy.”
Louis Knight, an analyst at research firm Third Bridge Group, pointed to the long-term significance of the deal, emphasizing the growing demand for energy in the U.S. “Brookfield’s purchase might not necessarily indicate confidence in the sector amid Donald Trump’s anti-green rhetoric, but the firm has a diverse portfolio that allows it to effectively integrate these U.S. assets,” Knight said.
Brookfield’s Expanding Renewable Portfolio
Brookfield, one of the world’s largest investors in renewable power, boasts approximately 34,000 megawatts of generating capacity across its global holdings. The firm disclosed in October that it had agreed to acquire a minority stake in four offshore wind farms in the U.K. from Danish energy giant Orsted for £1.7 billion ($2.14 billion).
