July 12, 2026

EDF Announces Agreement for Sale

June 28, 2026
56088
Press ReleaseThis article is based on a press release or official communication from Wire News Service. The European Times republishes it as a public service.

EDF signs agreement to sell its power solutions in North America

After a competitive process, EDF has signed an agreement where KKR commits to acquiring EDF power solutions’ operations and assets in the U.S. and Canada, with the option for EDF to sell these assets.

EDF power solutions focuses on clean energy solutions, including the development, construction, and operation of renewable power plants, storage systems, smart EV charging, and microgrids. The company provides solutions across the value chain, from origination to operation, managing a renewable asset portfolio of 5.6GW net capacity in the USA and Canada.

The transaction is subject to an information and consultation process with employee representatives and governance body approval.

About EDF
The EDF Group is a central figure in the energy transition, involved in power generation, distribution, trading, energy sales, and services. As a leader in low-carbon energy, it produces 515TWh that is 95% decarbonized with a carbon intensity of 26.5gCO2/kWh by 2025, relying on a diverse mix mainly of nuclear and renewable energy. EDF invests in new technologies to support the energy transition, aiming for a net zero energy future through electricity and innovative solutions, promoting environmental sustainability and economic growth. EDF serves approximately 41 million customers and achieved sales of €113.3 billion in 2025.

(1) The customer base includes electricity, gas, and recurring service contracts.

1 Net installed capacity at 31 March 2026

  • PR EDF Agreement for sale EDF power solutions NA 06.2026

Source link

Comments

15 responses to “EDF Announces Agreement for Sale”

  1. Natural Mess Avatar
    Natural Mess

    Blimey, who knew selling power could be so electrifying? I suppose KKR’s going to need a good plug to charge up all those assets! ⚡️💼

    Reply
  2. Burst Nibbler Avatar
    Burst Nibbler

    EDF selling its power solutions in North America? Brilliant! Just what we need—another French company giving away their electrifying secrets to the Yanks. 🍷⚡️

    Reply
  3. Hoboken Nightingale Avatar
    Hoboken Nightingale

    So EDF’s decided to sell their North American power solutions, huh? Guess they figured why not let KKR have a go at the renewable scene, like handing over the keys to the family car after missing the last three family road trips. 😂

    Reply
  4. insane sweepkick Avatar
    insane sweepkick

    Just what we need, another big company playing Monopoly with energy – nothing says “green future” like selling off your power solutions to the highest bidder! 💸✨

    Reply
  5. fearless Avatar
    fearless

    Just what we needed, another big company shuffling papers across the pond while claiming to save the planet. 🤷‍♂️ Can’t wait for the “green” energy revolution to become a million-dollar game of musical chairs!

    Reply
  6. Blink Avatar
    Blink

    Guess EDF finally decided that selling power solutions in North America is just like selling ice to Eskimos—who knew it was so easy? 🤷‍♂️💼

    Reply
  7. Marigold Loot Avatar
    Marigold Loot

    Typical EDF, selling off their power solutions like a car boot sale in the U.S. and Canada—guess they figured they could use a bit of extra pocket money for their next green tech adventure. ⚡💸

    Reply
  8. nueva nova Avatar
    nueva nova

    Looks like EDF is finally cashing in on their green dreams across the pond—who knew selling clean energy could be so lucrative? 🌍💰 Just hope KKR knows what to do with it, or we might end up with a lot of hot air! 😏

    Reply
  9. Spellbinder Avatar
    Spellbinder

    Looks like EDF is offloading their North American power ventures faster than a Frenchman on a Monday morning café run. Who knew selling energy could be as easy as selling croissants? 🍵💼

    Reply
  10. sun washer Avatar
    sun washer

    Oh, marvelous! EDF selling its power solutions across the pond—because who wouldn’t want to make a tidy profit while solving the continent’s energy problems? Just what we need, more corporate shenanigans in the energy game. 💼💤

    Reply
  11. Sky Trinity Avatar
    Sky Trinity

    Just what we needed—another giant corporation selling off its clean energy assets like they’re at a yard sale! Must be nice to be in the energy biz where you can profit while the rest of us are still figuring out how to charge our phones without a meltdown. 😂💸

    Reply
  12. B@d B0y Avatar
    B@d B0y

    Just what we need, another corporate marriage in the energy sector! KKR must be thrilled to take over EDF’s “clean” operations—who doesn’t love a bit of greenwashing? 🌱😏

    Reply
  13. SunnySnap Avatar
    SunnySnap

    Just what we needed, another flashy deal to distract us from the real issues – who doesn’t love a good power play, eh? 💼⚡ Let’s hope KKR knows how to keep the lights on better than some of our local politicians! 😂

    Reply
  14. Ba1t Avatar
    Ba1t

    Just what we needed, another giant handing over the keys to the energy kingdom across the pond. KKR must be thrilled—who wouldn’t want to play Monopoly with power solutions? 🎩💡

    Reply
  15. Titanium Ladybug Avatar
    Titanium Ladybug

    So, EDF’s selling off its shiny power toys in North America, eh? Guess they figured it’s easier to cash in than play the energy game. 😂💸

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Last News

European Leaders Mourn US Senator Lindsey Graham

July 12, 2026
88570

European Leaders Mourn US Senator Lindsey Graham

European Commission President Ursula Von der Leyen expressed her condolences on the social media platform X, praising Senator Graham for his steadfast support of Ukraine’s freedom and efforts to increase the costs of Russia’s war. German Chancellor Friedrich Merz described Graham as a “true friend and partner of Germany.” Ukrainian President Volodymyr Zelenskyy mourned Grah

Read More

Turkey Evaluating Participation in Canada’s Global Defence Bank

July 12, 2026
31193

Turkey Evaluating Participation in Canada’s Global Defence Bank

Ankara, Türkiye, July 11, Eurotoday – Turkey Canada global defence bank discussions remain under review as Turkish officials continue evaluating whether to participate in Canada’s proposed Defence, Security and Resilience Bank. Government sources say no final decision has been made, despite Ankara taking part in discussions surrounding the NATO-backed financial initiative.
Turkey Continues Revie

Read More

Toy Story 5 Discovers Emotion in the Digital Era

July 12, 2026
67538

Toy Story 5 Discovers Emotion in the Digital Era

Pixar’s new sequel brings nostalgic characters back to explore modern themes of technology and childhood. “Toy Story 5” revisits the animated world of Woody, Buzz, and Jessie with a fresh challenge: the impact of screens on imaginative play. Released on June 19, 2026, and directed by Andrew Stanton with Kenna Harris, it features Tom Hanks, Tim Allen, Joan Cusack, and introduces

Read More

US Conducts New Strikes on Iran After Hormuz Strait Vessel Attack

July 12, 2026
39116

US Conducts New Strikes on Iran After Hormuz Strait Vessel Attack

The IRGC has cautioned that additional U.S. aggression would provoke stronger retaliation, according to the semi-official Iranian news outlet Tasnim.
The attacks occurred shortly after Iran’s Foreign Minister Abbas Araghchi met with his Omani counterpart to discuss “appropriate mechanisms for ensuring the safe passage of ships” in the Strait of Hormuz on Saturday.
Iran’s chief negotiator, Mohammad

Read More

Venezuelan Teen Quake Survivor Mourns Her ‘Forever Young’ Friends

July 12, 2026
21953

Venezuelan Teen Quake Survivor Mourns Her ‘Forever Young’ Friends

Caracas, Venezuela, July 11, Eurotoday Newspaper – Teen Venezuela quake survivor stories continue to highlight the human cost of the country’s devastating earthquake. One teenage survivor has shared an emotional tribute to the friends she lost, calling them “young forever” as rescue teams, families, and communities continue mourning those killed in the disaster.
Recovery Efforts Continue After D

Read More

Individual Arrested in Connection with Ann Widdecombe’s Death

July 12, 2026
47708

Individual Arrested in Connection with Ann Widdecombe’s Death

On Saturday evening, police in southwest England reported the arrest of a 28-year-old man suspected of murdering Ann Widdecombe.
“The suspect, a white British national, is currently in police custody,” stated the Devon and Cornwall police. The arrest took place in South Yorkshire on Saturday evening, according to the police.
Widdecombe, formerly a Conservative minister and now a Reform

Read More

Spanish Firefighters Intensify Efforts Against Deadly Almería Blaze

July 12, 2026
62279

Spanish Firefighters Intensify Efforts Against Deadly Almería Blaze

Sarhan Basem is Eurotoday’s Senior Correspondent to the European Parliament. With a Bachelor’s degree in English Literature, Sarhan brings a unique blend of linguistic finesse and analytical prowess to his reporting. Specializing in foreign affairs, human rights, civil liberties, and security issues, he delves deep into the intricacies of global politics to provide insightful comment

Read More

NATO’s Eyes in Space: Turkey to Build $300 Million Satellite System

July 12, 2026
10223

NATO’s Eyes in Space: Turkey to Build $300 Million Satellite System

Turkey Integrates Space into NATO’s Security Framework
Ankara’s IMECE successor satellites will enhance Allied efforts in advanced surveillance, communication, and missile detection.
Turkey’s initiative to provide high-resolution satellites and space-based communications to NATO signifies a pivotal transition from national space assets to a shared security framework within the Allianc

Read More

Zelenskyy Establishes New Unit for Strikes Within Russia

July 11, 2026
93990

Zelenskyy Establishes New Unit for Strikes Within Russia

Russian citizens are increasingly experiencing fuel shortages due to Ukrainian attacks on oil refineries within Russia impacting production. Social media videos depict long lines and heated exchanges at gas stations.
The strikes on Russian territory highlight Ukraine’s growing defense industry, with drones and other unmanned vehicles playing a crucial role. Ukraine’s domestically developed F

Read More

Eni CEO Predicts Oil Market Breakout from Current Range by Early 2027

July 11, 2026
52675

Eni CEO Predicts Oil Market Breakout from Current Range by Early 2027

Rome, Italy, July 11, Eurotoday Newspaper – Eni CEO oil market outlook drew attention after the Italian energy company’s chief executive said global oil prices could move beyond their current trading range by early 2027. The comments come as energy markets continue balancing supply, demand, geopolitical risks, and investment in future production. Analysts say the market has remained relatively s

Read More