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KKR Acquires EDF’s North American Renewable Energy Business for $4.2 Billion

KKR Acquires EDF’s North American Renewable Energy Business for $4.2 Billion

Alternative asset manager KKR announced the acquisition of EDF Group’s U.S. and Canadian power solutions businesses, in a transaction valued at $4.2 billion, with potential additional payments of up to $390 million, marking KKR’s largest individual investment to date in the renewables sector. EDF power solutions North America is among the top ten owners of renewable energy capacity in the…