The New York-based asset manager will take control of 1.8 gigawatts of solar, wind and battery storage capacity in the United States as part of its purchase of the U.K.-based company’s subsidiary. The deal is subject to regulatory approval and is expected to close in the first half of the year. (The Logic)

Talking point: National Grid is exiting the U.S. clean energy sector at an uncertain time for the industry. U.S. President Donald Trump has threatened to remove renewables subsidies introduced under the Biden administration that sought to support zero-emissions power sources, which could undermine the economic viability of some projects. Brookfield has meanwhile continued to expand its renewables exposure, most recently by providing US$389 million in financing for clean power developer Encore to help the firm expand its U.S. clean energy portfolio. Brookfield also took a $2.3-billion stake in four U.K. offshore wind farms last year.