KKR agreed to acquire EDF's North American power solutions portfolio for $4.2B, consolidating AI datacenter power supply.

KKR is acquiring EDF Power Solutions' North American operations for $4.2 billion, funding the deal through its global infrastructure strategy. The acquisition aligns with KKR's goal to support the United States' "broader energy security and affordability goals" at a time when electricity demand is rising—driven by rapid development of AI data centers, manufacturers reshoring production, and broader electrification across the country, according to KKR Managing Director Cecilio Velasco.

"EDF Power Solutions North America's scale, operational track record, and integrated capabilities position it to meet that demand, particularly through its diversified portfolio and project pipeline," Velasco said in a June 30 release.

EDF Power Solutions owns and operates a portfolio of solar, wind, and battery storage assets across North America. The company has developed 26 gigawatts of wind, solar, and battery storage projects in the region, along with electric vehicle charging sites, and maintains 17 GW under service contracts that include a small portion in Mexico. Its integrated platform handles project development, construction, operations, maintenance, and asset development.

EDF's North American affiliate ranks among the top 10 renewable capacity owners in the United States and is one of the largest renewable energy developers in the region. The company brings over 35 years of experience delivering clean energy solutions in the U.S. and Canada to the combined entity.