en.Wedoany.com Reported - KKR announced it will acquire EDF Power Solutions North America from EDF. KKR Managing Director Cecilio Velasco stated that the acquisition aligns with the investment firm's commitment to supporting "broader energy security and affordability goals" in the United States. U.S. electricity demand is currently rising, driven by factors including the rapid development of AI data centers, manufacturers reshoring production to the U.S., and broader electrification nationwide.

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

The energy company has developed 26 GW of wind, solar, and energy storage projects in North America, in addition to operating electric vehicle charging stations. According to its website, the company also holds 17 GW of operations and maintenance service contracts in the region, including a small portion of business in Mexico.

According to the press release, EDF's North American subsidiary is one of the largest renewable energy developers in the region, ranking among the top ten owners of renewable energy installed capacity in the U.S. Its integrated platform also encompasses project development, construction, operations, maintenance, and asset development.

Company website information shows it has over 35 years of experience providing clean energy solutions in the U.S. and Canada.

KKR stated it will fund the transaction using its global infrastructure strategy.