EDF agreed to sell its renewable energy business in the United States and Canada to the investment fund KKR , in a deal valued at US$4.2 billion , with additional payments that could raise the amount by another US$390 million .
The transaction includes EDF Power Solutions ' operations in both countries and is part of the French group's strategy to rotate assets to strengthen its financial capacity and concentrate investments in other low-emission technologies.
According to the company, the transaction will reduce EDF's net financial debt by approximately US$5.5 billion . Closing is expected in the second half of 2026, pending regulatory approvals.
Bernard Fontana, president and CEO of EDF, explained that the divestment is part of the group's portfolio optimization strategy.
"This transaction is part of our portfolio rotation strategy. The goal is to maximize EDF's financial capacity to develop new, competitive, low-carbon solutions in our core business areas, such as nuclear, hydroelectric, and renewable energy," he stated.
With this decision, EDF seeks to free up resources to accelerate investments in its businesses considered strategic, in a context where large European utilities are reviewing the composition of their assets to meet the growing demand for capital required by the energy transition.
KKR is betting on the growth of the North American market
From North America, the operation was presented as an opportunity to drive a new stage of growth.
Tristan Grimbert, president and CEO of EDF Power Solutions North America, called the sale "the most significant chapter in the company's history" and said the priority for the coming months will be to ensure a seamless transition for customers, partners, and projects in development.
The executive also stated that KKR's investment reflects confidence in the company's platform and the potential of the North American energy market.
As he explained, the accelerated growth in electricity demand driven by data centers , industrial relocation , and electrification is creating new opportunities for the development of energy infrastructure.
A market with strong investment demand
The operation comes at a time of strong expansion in electricity consumption in the United States and Canada, where the advance of artificial intelligence, large data processing centers and the return of manufacturing industries are increasing the need for new generation and electrical networks.
In that context, infrastructure funds like KKR continue to increase their presence in energy assets considered strategic to support that growth.
For EDF, the sale represents a financial move aimed at strengthening its balance sheet and concentrating resources in other business areas, while for KKR it means the incorporation of a consolidated platform within one of the energy markets with the greatest prospects for expansion during the next decade.