Overview
- EDF has signed an agreement to sell its U.S. and Canadian EDF Power Solutions operations to KKR, transferring a 5.6 GW portfolio of renewable power, storage, EV charging and microgrid services.
- The deal values the assets at roughly $4.2 billion with up to $390 million in potential additional payments and is framed as a means to improve EDF’s balance sheet.
- Completion is subject to employee information and consultation processes, approvals from EDF governance bodies and regulatory clearance in the United States and Canada before closing in the second half of 2026.
- Employees and local project teams face a period of review during the handover that could affect staffing, project timelines and existing service contracts under KKR ownership.
- EDF describes the sale as part of a portfolio rotation to concentrate investment on nuclear, hydroelectricity and other renewables while expanding its low‑carbon generation capacity.