EDF Signs Agreement To Sell North American Power Solutions To KKR

EDF agreed to sell its North American power solutions business to KKR after a competitive process, marking a significant portfolio reshaping for the utility and clean-energy group. The deal covers EDF Power Solutions operations and assets in the U.S. and Canada, which span renewable generation, storage, EV charging infrastructure, and microgrids. The North American portfolio has 5.6 GW of net capacity. The transaction still needs approval from EDF’s governance bodies and completion of employee representative consultation procedures. The announcement is strategically positive for EDF as it monetizes non-core assets and could strengthen the company’s balance sheet, while KKR expands its presence in the energy transition and infrastructure space.