National Grid Acquires Solar and Wind Developer Geronimo Energy
15 Luglio 2019 - 5:29PM
Dow Jones News
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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