National Grid PLC has revealed that it will sell its US onshore renewable energy division for $1.7 billion (£1.3 billion). According to a statement released on Monday, Brookfield Asset Management has agreed to purchase this division, which focuses on developing and managing solar, onshore wind, and battery storage projects.
In 2024, the company achieved strong operational results despite lower market prices, with Flamanville 3 successfully connecting to the French national grid for the first time. The rollout of the "Ambitions 2035" strategy contributed to a significant increase in electricity output, reaching 520TWh, driven by higher nuclear and hydro production. However, sales decreased by 15.7% to €118.7 billion due to falling prices in the markets where the company operates.
Customers with low incomes can now apply for additional emergency heating help. On February 18, 2025, National Grid and the National Grid Foundation revealed a combined donation of $1.4 million to assist their low-income heating programs, including the Care & Share Energy Fund and the Neighborhood Heating Fund, which are now available.
US bank Citi has changed its rating for National Grid PLC (LSE:NG.) from 'neutral' to 'buy' following a period of weakness for the power distributor caused by current economic uncertainties.
According to National Grid, there are positive opportunities in the utilities sector, and this particular utility stands out, especially following its recent drop in value.
We have just put together the U.K. Dividend Aristocrats List for 2024, focusing on their yields. In this article, we will examine how National Grid plc (NYSE:NGG) compares to other U.K. dividend aristocrats. Lately, many investors have shifted their attention from UK stocks to global ones, especially those with high growth potential.
Here are the most recent updates for investors about popular stocks that are making waves this Wednesday.
National Grid PLC (LSE:NG.) has published its 'RIIO-T3 Business Plan', which details plans for infrastructure investments totaling as much as £35 billion over the next five years starting in April 2026.
On Wednesday, Britain's National Grid announced that it plans to invest as much as 35 billion pounds ($44.45 billion) in its transmission business over the next five years, ending in March 2031.
LONDON--(BUSINESS WIRE)-- #insurance--AM Best has given National Grid Insurance USA Ltd (NGIUSA) a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent). The outlook for these ratings is stable. NGIUSA is a subsidiary of National Grid plc, a major utility company, and the ratings highlight its strong financial position and solid operating performance.