ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

NGG National Grid Plc New

68.65
0.32 (0.47%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
National Grid Plc New NYSE:NGG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.32 0.47% 68.65 68.80 68.04 68.06 186,467 01:00:00

National Grid Expands Into U.S. Renewables With Geronimo Energy Acquisition

07/03/2019 8:59am

Dow Jones News


National Grid (NYSE:NGG)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more National Grid Charts.

By Adria Calatayud

 

National Grid PLC (NG.LN) said Thursday that it has bought Minneapolis-based clean-energy developer Geronimo Energy, expanding its presence in the U.S. renewable-energy sector.

The FTSE 100 utility company said it will pay an initial consideration of $100 million for Geronimo, with potential further payments subject to successful development of the project pipeline.

National Grid is also making progress toward an agreement to buy a 51% share of solar and wind-generation projects developed by Geronimo for $125 million. These 378-megawatt projects are currently in operation and under construction, the company said.

Both transactions are subject to various approvals and are expected to close in the second quarter of 2019, National Grid said.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

March 07, 2019 03:44 ET (08:44 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year National Grid Chart

1 Year National Grid Chart

1 Month National Grid Chart

1 Month National Grid Chart

Your Recent History

Delayed Upgrade Clock