KKR will acquire EDF's North American renewable energy assets for $4.2 billion

Glonghui, July 1st | Private equity firm KKR announced it will acquire the North American renewable energy business and assets of French energy company EDF for $4.2 billion. The deal values EDF Power Solutions' equity in North America at approximately $4.2 billion, with an additional payment of up to $390 million possible. KKR aims to capitalize on rising power demand driven by the expansion of artificial intelligence data centers and the electrification process. EDF has developed 26 GW of wind, solar, and battery storage projects, as well as electric vehicle charging stations, in North America.