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Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 945.00 943.00 943.60 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 14,540.0 1,754.0 36.5 25.9 33,266

National Grid Acquires Solar and Wind Developer Geronimo Energy

15/07/2019 4:29pm

Dow Jones News


National Grid (LSE:NG.)
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By Dieter Holger

 

National Grid PLC (NG.LN) said Monday it had completed its $100 million acquisition of North American wind and solar developer Geronimo Energy.

The British utility also said that it entered into a joint agreement with the Washington State Investment Board. National Grid contributed around $125 million for a 51% controlling stake in the venture that bought up 379 megawatts of wind and solar projects from Geronimo Renewable Infrastructure Partners.

"We believe in the long-term growth potential of renewable generation, driven by consumer demand and technological advances," said Badar Khan, president of National Grid Ventures.

 

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

 

(END) Dow Jones Newswires

July 15, 2019 11:14 ET (15:14 GMT)

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

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