National Grid plc (NGG) has officially completed the sale of its National Grid Renewables division to Brookfield Asset Management, along with its institutional partners, including Brookfield Renewable Partners.
The company stated that the transaction marks a strategic move, enabling National Grid to focus more sharply on its core operations while the renewables business transitions to new ownership under Brookfield's energy-focused investment platform.
NGG is currently trading at $71.17 or 0.93% higher on the NYSE.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.