nuclear-news

EDF agrees to sell US, Canada unit to KKR

EDF, ​which owns and operates France’s nuclear fleet, ​must raise cash to maintain its 57 aging reactors and finance the construction of six ​new units.

By Reuter, June 27, 2026, https://www.reuters.com/business/energy/edf-signs-deal-sell-us-canada-unit-kkr-2026-06-26/

June 26 (Reuters) – EDF signed an agreement to sell EDF ​Power Solutions in the United States and Canada ‌to private equity firm KKR, the company said on Friday.

KKR will acquire the ​operations and assets. In the U.S. ​and Canada, EDF Power Solutions operates ⁠5.6 gigawatts of renewable assets.

EDF, ​which owns and operates France’s nuclear fleet, ​must raise cash to maintain its 57 aging reactors and finance the construction of six ​new units.

In November EDF CEO ​Bernard Fontana told Reuters the company was considering ‌selling ⁠between 50% and 100% of its U.S. renewable unit, a deal that could value the business at nearly €4 billion ($4.56 ​billion).

EDF has ​developed ⁠26 gigawatts of wind, solar and battery storage projects plus ​electric vehicle charging sites and ​has ⁠17 GW under service contracts in North America, which includes a small ⁠amount ​in Canada and Mexico, ​according to its website.

($1 = 0.8773 euros)

Reporting by Margaux ​Perrin in Gdansk, Editing by Louise Heavens

July 2, 2026 - Posted by Christina Macpherson | business and costs, France