National Grid plc (LON:NG) has announced that it has completed the sale of its National Grid Renewables business to Brookfield Asset Management and its institutional partners including Brookfield Renewable Partners.
National Grid completes sale of Renewables business to Brookfield
- Written by: Amilia Stone
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National Grid delivered FY2026 underlying EPS growth of 8% at constant currency, statutory EPS growth of 9%, and record capital investment of £11.6 billion, supporting asset growth of 10.9%.
Ahead of its 14 May 2026 results, National Grid said trading is consistent with expectations, with a net effect of around 1p per share on underlying EPS linked to the FERC judgment on New England Transmission and higher storm costs in the US.
National Grid plc has reported a strong half-year performance for the six months to 30 September 2025, with operating profit up 17% and record capital investment of £5.1 billion.
National Grid reported that performance for the six months to 30 September 2025 was in line with expectations, with underlying EPS weighted to the second half.
National Grid plc has agreed to sell its Grain LNG business to a consortium comprising Centrica plc and Energy Capital Partners LLC for approximately £1.66 billion, including a pre-completion dividend.
National Grid plc has finalized the sale of its National Grid Renewables business to Brookfield Asset Management and its partners, marking a significant industry shift.
