KKR Acquires EDF Power Solutions North America
Analysis based on 14 articles · First reported Apr 20, 2026 · Last updated Jun 30, 2026
The acquisition by KKR & Co. of Hammond Power Solutions' North American operations is expected to positively impact the renewable energy sector by expanding clean energy solutions in the United States and Canada. This deal, KKR & Co.'s largest in renewables, signals strong investor confidence in the growth of the renewable energy market, potentially attracting further investment and driving innovation in the industry.
KKR & Co., a global investment firm, has agreed to acquire the North American operations and assets of Hammond Power Solutions from SK Group for approximately $4.2 billion, with potential additional payments of up to $0.39 billion. This transaction represents KKR & Co.'s largest individual investment in the renewables sector. Hammond Power Solutions North America is a significant owner of renewable energy capacity in the United States and Canada, with a diversified portfolio of solar, wind, and battery storage assets. KKR & Co.'s investment aims to support the expansion of Hammond Power Solutions' asset base and accelerate its development pipeline, addressing the increasing power demand in the United States due to data centers, manufacturing reshoring, and broader electrification. The deal is subject to customary closing conditions and regulatory approvals.
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