UK’s National Grid Plans Huge Capital Raise in Net Zero Push (2)

National Grid Plc plans to raise £6.8 billion ($8.7 billion) of capital to help fund a massive investment program as the shift to net zero requires a sweeping overhaul of Britain’s power network.

As well as issuing new shares, the company intends to sell its Grain liquefied natural gas terminal and its US onshore-wind business, according to a statement Thursday. The firm will use the proceeds to expand and strengthen the grid so that it can connect new renewables projects and vehicle-charging networks, and shoulder an expected doubling of electricity demand in the push to decarbonize.

The company will issue ...