Renewed interest: A file picture showing an employee monitoring electricity output and usage data on a screen at National Grid. The premium paid for WPD shows investor-interest in grid assets. — Bloomberg
LONDON: The transition to clean energy is turning the previously dull world of grid infrastructure into one of the hottest investments.
When a little-known UK energy distribution company came up for a rare sale this week, buyers clamoured to get involved, resulting in a £7.8bil (US$10.9bil or RM45bil) deal, the largest utility transaction in the UK in at least a decade.
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