Company: NEWEN
Filing Date: 2025-02-24
Form Type: 6-K
Source: 0001654954-25-001819
Chunk: 1

Company: NATIONAL GRID PLC
Filing Date: 2025-02-24
Form: 6-K
Chunk 1
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 our business, as announced in May 2024.

The terms of the transaction imply an enterprise value for National Grid Renewables of $1.735 billion. The final cash consideration will be subject to customary completion adjustments.

Completion of the transaction will be subject to certain consents and regulatory approvals. Subject to these clearances, National Grid expects that the transaction will complete in the first half of the financial year ending 31 March 2026.

#### About National Grid Renewables
National Grid Renewables develops, constructs, owns, and operates utility-scale, solar, onshore wind and battery storage assets in the United States of America, with 1.8GW in operation and 1.3GW under construction.

#### About National Grid plc
National Grid lies at the heart of a transforming energy system, spanning the UK and the US. Our businesses supply gas and electricity, safely, reliably and efficiently to millions of customers and communities. But we also drive change through engineering innovation and by incubating new ideas with the power to revolutionise our industry.

National Grid is pioneering ways to decarbonise the energy system including delivering The Great Grid Upgrade - the largest overhaul of the UK grid in generations - and building the Upstate Upgrade, the largest investment in New York's electricity transmission network for over a century.

As one of the largest investor-owned energy companies in the world, National Grid is at the centre of a clean, fair and affordable energy future, and is one of the FTSE's largest investors in the energy transition.

Enquiries and contacts

Investors and Analysts

| Angela Broad | +44 (0) 7825 351 918 |
| Tom Edwards  | +44 (0) 7976 962 791 |
| Cerys Reece  | +44 (0) 7860 382 264 |

Media

| Tom Dooks              | +44 (0) 7701 276 607 |
| Dan Roberts, Brunswick | +44 (0) 20 7404 5959 |
| Imran Jina, Brunswick  | +44 (0) 20 7404 5959 |

CAUTIONARY STATEMENT

This announcement contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information with respect to National Grid