Private equity firm KKR will buy the operations and assets of EDF’s North American renewable energy unit in the U.S. and Canada for $4.2 billion.
Deal Details
The deal values the equity interest of EDF Power Solutions in North America at approximately $4.2 billion, with potential additional payments of up to $390 million. KKR is aiming to capitalize on rising power demand driven by the expansion of AI data centers and electrification.
In North America, EDF has developed 26 gigawatts of wind, solar and battery storage projects as well as electric vehicle charging sites.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
