National Grid completes acquisition of Geronimo Energy

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
National Grid also entered into a joint venture agreement with Washington State Investment Board (WSIB). Image: National Grid

National Grid, through its competitive non-regulated unit National Grid Ventures (NGV), has completed its US$100 million acquisition of North American wind and solar company Geronimo Energy. 

The deal, announced back in March 2019, has now satisfied all regulatory requirements and closing conditions.

National Grid also entered into a joint venture agreement with Washington State Investment Board (WSIB), in which National Grid will contribute $125 million for a 51% controlling share in the joint venture, which acquired 379MW of PV and wind generation projects from Geronimo Renewable Infrastructure Partners. Geronimo Energy will continue to be headquartered in Minneapolis, with satellite development offices and operational project facilities located throughout the country.

Badar Khan, president of National Grid Ventures, said: “Today’s announcement underscores National Grid’s commitment to the decarbonization of our energy system. We believe in the long-term growth potential of renewable generation, driven by consumer demand and technological advances.”

Blake Nixon, chief executive officer for Geronimo Energy, added: “We’re very pleased to have officially joined the National Grid family today. With our joint expertise, we have an exciting opportunity to grow our project portfolio, expand upon our commitments to project host communities and landowners, and offer our customers increasingly high quality, competitive renewable generation.”

Read Next

PV Tech Premium
September 13, 2021
Following the release of the US Department’s Solar Futures Study, Liam Stoker assesses the downstream and upstream trends that must be realised for US solar to fulfil its potential.
August 25, 2021
The US renewables sector has welcomed the House of Representatives’ approval of a budget resolution that provides the framework for a US$3.5 trillion spending package.
August 24, 2021
Energy advisory DNV has acquired the consulting arm of Chile-based energy price forecaster Antuko, taking aim at the Latin America and Iberia power markets.
August 19, 2021
It may be the height of summer but there’s no respite for the Solar Media Podcast, the new episode of which is packed full of insight as the US begins its clampdown on solar imports.
PV Tech Premium
August 18, 2021
Liam Stoker recaps recent policy moves in the US and explores the difficult balancing act President Biden must now face between stimulating domestic solar manufacturing in the US and supporting solar deployment.
August 18, 2021
Reports have emerged alleging that US officials have begun detaining solar module shipments suspected of infringing the withhold and release order (WRO) implemented in June.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021