EDF Power Solutions sells solar, wind, and storage assets to KKR for $4.2 billion

Type: Acquisition · Technology: Solar · Country: United States · Value: $4.2B · Announced: 2026-09-16

EDF Power Solutions, a subsidiary of French utility EDF, agreed to sell a portfolio of operational solar, wind, and battery storage assets to private equity firm KKR for approximately $4.2 billion. The transaction includes roughly 5.6 GW of utility-scale renewable capacity, with EDF Power Solutions currently ranking as the 11th largest solar utility owner globally. The deal is part of a broader wave of consolidation in the renewable sector, as major energy groups and investment funds acquire independent developer portfolios. Following the sale, a substantial portion of the attributed capacity will transfer to KKR, significantly expanding its renewable asset base.

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