French utility Électricité de France (EDF) agreed to sell its renewable energy business in the United States and Canada to KKR. The portfolio includes a net installed capacity of 5.6GW. The parties have not disclosed the financial terms of the agreement.
This transaction transfers a large portfolio of operating assets from a major utility to a private equity firm. The deal remains subject to employee consultation and governance approvals. EDF will formally decide whether to exercise the sale option following these processes.