Key facts
- EDF has agreed to sell its EDF Power Solutions operations in the United States and Canada.
- KKR is the private equity firm acquiring the EDF Power Solutions unit.
- The EDF Power Solutions unit manages 5.6 gigawatts of renewable assets.
- The sale is part of EDF's strategy to focus on its core domestic energy market.
- The transaction is subject to regulatory approvals.
French utility EDF has reached an agreement to sell its EDF Power Solutions operations, which are based in the United States and Canada, to the private equity firm KKR. This division is responsible for managing a portfolio of 5.6 gigawatts of renewable energy assets. The sale is part of EDF's broader strategy to divest non-core assets and concentrate on its primary operations within France. This move comes as the company faces financial pressures and seeks to streamline its global footprint. EDF Power Solutions in North America includes a range of renewable energy projects, contributing to the company's international presence in the clean energy sector. The transaction is expected to be finalized following regulatory approvals. KKR, a global investment firm, is acquiring these assets as part of its ongoing strategy to invest in the renewable energy sector. The deal underscores the growing interest from private equity in sustainable infrastructure and the transition to cleaner energy sources.