Jul. 1 at 2:42 AM
KKR agreed to acquire EDF Power Solutions' U.S. and Canadian operations from EDF in a deal valuing the equity at approximately
$4.2 billion, with potential additional payments of up to
$390 million. The acquisition includes one of the top 10 renewable energy portfolios in the U.S., spanning solar, wind and battery storage assets, along with project development, construction and long-term operations.
KKR said the investment is aimed at meeting rising North American power demand driven by the expansion of data centers, manufacturing reshoring and broader electrification. The firm believes EDF Power Solutions' scale, diversified project pipeline and integrated operating platform position it to capitalize on those trends.
KKR has invested more than
$26 billion globally in renewable energy and energy transition assets. The transaction will be funded through its global infrastructure strategy and remains subject to customary closing conditions and regulatory approvals.
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