KKR announced the acquisition of EDF's North American power solutions operations for $4.2 billion. The deal may include additional payments of up to $390 million based on certain performance conditions. EDF's power solutions unit is currently ranked among the top 10 renewable capacity owners in the United States.
The acquisition strengthens KKR's footprint in the U.S. clean energy sector by absorbing a top-10 owner of renewable energy capacity.
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Private equity firm KKR agreed to buy EDF's North American power solutions business in a $4.2 billion deal, expanding its energy infrastructure portfolio.