KKR Makes Largest Ever Clean Energy Investment With $4.2B EDF Purchase
The deal gives KKR more than 5.6 gigawatts of operating wind, solar and battery storage assets as it expands into clean power.
- On Tuesday, global investment firm KKR announced it will acquire EDF Power Solutions North America for approximately $4.2 billion, with potential additional payments of up to $0.39 billion.
- French state-owned utility EDF is divesting these assets to raise cash for maintaining its 57 aging domestic nuclear reactors and financing the construction of six new units in Europe.
- Adding more than 5.6 gigawatts of wind, solar, and battery storage assets, this purchase grants KKR control of one of North America's largest clean power portfolios to meet rising AI data center demand.
- With 26 gigawatts of wind, solar, and battery storage projects developed over nearly 40 years, the acquired business instantly positions KKR as a leading owner of renewable generating assets on the continent.
- Expanding its global reach, KKR has deployed more than $26 billion in renewable energy and transition strategies, including a recent definitive agreement to launch South Korea's largest integrated renewable energy platform valued at $1.3 billion.
12 Articles
12 Articles
DECRYPTAGE - EDF transfers its operations in the United States and Canada to KKR in wind and photovoltaics for $4.2 billion.
KKR Makes Largest Ever Clean Energy Investment With $4.2B EDF Purchase
Global investment firm KKR has agreed to acquire EDF Power Solutions North America in a landmark $4.2-billion deal, marking the largest single renewable energy investment in the company’s history. The purchase gives KKR immediate control of one of North America’s largest clean power portfolios, adding more than 5.6 gigawatts of operating wind, solar, and battery storage assets as investors race to secure electricity generation for AI data center…
KKR to buy EDF's renewable power assets in US, Canada for $4.2 billion
KKR Finalises Historic $4.2 Billion Acquisition of EDF Power Solutions North America
KKR, a global investment firm, has announced the acquisition of EDF Power Solutions North America for $4.2 billion, marking its most significant investment in renewable energy to date. This acquisition enhances KKR’s position within the clean energy landscape, establishing it as one of the leading owners of renewable power assets in North America. The deal grants KKR immediate control of a renewable energy portfolio that includes over 5.6 gigawa…
KKR to acquire EDF’s North American operations for $4.2 billion
Global investment firm KKR has agreed to acquire the comprehensive North American operations and assets of EDF Power Solutions from the French state-backed utility giant EDF Group. The transaction values the equity interest of the U.S. and Canadian subsidiaries at approximately $4.2 billion, with an additional $390 million structured as potential performance-based earnouts. The acquisition represents KKR’s largest individual deployment of capit…
Électricité de France (EDF) has signed an agreement for the sale to KKR of the renewable energy business in the United States and Canada in exchange for $4.2 billion (€3.680 million) with the possibility of additional payments of up to $390 million (€342 million).
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