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KKR To Acquire IPP & Energy Supplier To Corporations & Institutional Customers, For $4.2 Billion
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KKR today announced that KKR has agreed to acquire the operations and assets of EDF power solutions in the United States (EDF power solutions Inc.) and Canada (EDF power solutions Canada Inc.) from EDF group
This transaction values the equity interest in EDF power solutions Inc. and EDF power solutions Canada Inc. at approximately $4.2 billion, with potential additional payments of up to $0.39 billion.
EDF power solutions North America is among the top ten owners of renewable energy capacity in the United States, operating solar, wind, and battery storage assets across multiple geographies, while managing an integrated platform spanning project development, construction, and long-term operations and maintenance (O&M) and asset management.
Notably, EDF power solutions North America serves a broad base of corporations and institutional customers, as well as utilities, with PPAs and other electricity supply solutions
"Under KKR’s ownership, EDF power solutions North America will have the resources and strategic support to expand its asset base, enhance operational performance, and accelerate its development pipeline," KKR said
“With power demand anticipated to increase in the United States due to the rapid expansion of data centers, manufacturing reshoring, and broader electrification, KKR’s investment in EDF power solutions North America supports the critical need for affordable power,” said Cecilio Velasco, Managing Director, KKR. “EDF power solutions North America’s scale, operational track record, and integrated capabilities position it to meet that demand, particularly through its diversified portfolio and project pipeline. We look forward to supporting the platform’s continued growth and ultimately the United States’ broader energy security and affordability goals.”
KKR is funding this transaction from its global infrastructure strategy.
The transaction is subject to customary closing conditions and regulatory approvals.
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June 30, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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