Electricity and gas utility company National Grid Plc said on March 7 it agreed to buy U.S-based utility-scale wind and solar energy developer Geronimo Energy for at least $100 million.
National Grid said it was also progressing on an agreement to buy a 51% stake in 378 megawatts of solar and wind generation projects developed by Geronimo for $125 million.
The projects, which have long-term power purchase agreements in place, will be jointly owned by National Grid and Washington State Investment Board and operated by National Grid.
Recommended Reading
2025 Hamm Summit Goal: Make US NatGas ‘Hero’ for Powergen
2025-04-11 - Stepping up power for data centers “is a phenomenal opportunity here that our industry has to take advantage of. We have to get this right,” the Hamm Institute for American Energy’s executive director Ann Bluntzer Pullin said.
Trio Petroleum Deal Marks Entry into Canada’s Heavy Oil Region
2025-04-10 - California’s Trio Petroleum will acquire producing wells in the Lloydminster, Saskatchewan heavy oil region in a deal valued at roughly $1.38 million.
Prairie Operating Hedged D-J Production Ahead of Market Downturn
2025-04-10 - Approximately 85% of Prairie’s remaining 2025 daily production is locked in at $68.27/bbl WTI and $4.28/MMBtu Henry Hub as part of a strategic hedging program, the company said.
EIA: Tariff Chaos, OPEC Output Increases Spell $57/bbl WTI in 2026
2025-04-10 - Energy Information Administration price estimates for 2025 and 2026 are bad news for producers—if they come to pass—as breakeven prices for operators, even in the Permian Basin, require between $61/bbl and $62/bbl to remain profitable.
Oil Falls More Than 4% as Investors Reassess Trump's Tariff Flip
2025-04-10 - Oil prices fell by nearly $3/ bbl on April 10, wiping out the prior session's rally, as investors reassessed the details of a planned pause in sweeping U.S. tariffs and focus shifted to a deepening trade war between Washington and Beijing.