wiredinUSA August 2019

Wind and solar acquisition

National Grid has completed its $100 million acquisition of Geronimo Energy, a recognized wind and solar developer in North America. The deal, first announced in March of this year, has now satisfied all regulatory requirements and closing conditions. Geronimo Energy has over 2,200MW of wind and solar energy projects currently under construction or in operation.

A power provider for New York, Rhode Island, and Massachusetts, National Grid has also entered into a joint venture agreement with Washington State Investment Board. The utility contributed about $125 million for a 51 percent controlling share in the joint venture, which will acquire 379MW of wind and solar projects from Geronimo Renewable Infrastructure Partners.

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