KKR Acquires EDF’s North American Renewables for $4.2 Billion, Eyeing Data Centers

KKR agreed to acquire EDF’s North American renewable energy business for approximately $4.2 billion.

The transaction includes potential additional payments of up to $390 million.

The deal covers a 5.6 GW portfolio of operational solar, wind, and battery storage assets across the U.S. and Canada.

This portfolio ranks among the top ten largest owners of renewable energy capacity in the United States.

KKR is funding the acquisition through its global infrastructure strategy.

The purchase represents KKR’s largest single investment in the renewable energy sector.

The firm aims to meet rising power demand from data centers and broader electrification.