# Brookfield Asset Management Expands Renewable Portfolio with Major Solar Acquisition
The renewable energy industry continues to evolve rapidly, and the latest milestone highlights growing confidence in solar and wind power investments. Brookfield Asset Management has agreed to purchase National Grid’s U.S. renewables business for approximately $1.74 billion. This deal includes utility-scale solar, onshore wind, and battery storage assets, reinforcing Brookfield’s commitment to clean energy and long-term sustainability.
## The Growth of Utility-Scale Solar
Brookfield’s acquisition adds a 3.1-gigawatt (GW) portfolio to its already expansive renewable energy assets, with 1.8 GW currently in operation and 1.3 GW under construction. This move reflects the increasing importance of solar energy as part of a diversified mix of renewable resources.
More homeowners are turning to solar panels for their homes, but utility-scale solar—large solar farms that supply power to the grid—plays an equally vital role in reducing dependence on fossil fuels. As large investments continue flowing into this sector, the growth of solar arrays for homes and businesses will likely accelerate.
## Why This Acquisition Matters for Solar Growth
Brookfield Renewable Partners and its institutional partners see strong growth potential in U.S
Original Article: https://pv-magazine-usa.com/2025/02/26/national-grid-divests-u-s-renewables-business-in-1-7-billion-deal/
