National Grid’s competitive business unit has completed its purchase of Minneapolis-based Geronimo Energy for $100m, as the ranks of independent US renewables developers dwindles with a new era of minimum federal subsidy support on the horizon.
The deal, initially announced in March, “underscores National Grid’s commitment to the decarbonization of our energy system,” said Badar Khan, president of National Grid Ventures (NGV), in a statement.
