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The investment firm said the deal with EDF will support the United States’ “broader energy security and affordability goals” at a time when electricity demand is rising.
KKR Managing Director Cecilio Velasco said the acquisition is in line with the investment firm’s goal to support the United States’ “broader energy security and affordability goals” at a time when electricity demand is rising, driven by the rapid development of AI data centers, manufacturers reshoring production and broader electrification across the country.
“EDF power solutions North America’s scale, operational track record, and integrated capabilities position it to meet that demand, particularly through its diversified portfolio and project pipeline,” Velasco added in the June 30 release.
The energy company has developed 26 gigawatts of wind, solar and battery storage projects in North America, in addition to electric vehicle charging sites. It also has 17 GW of under service contracts in the region, which includes a small amount in Mexico, per its website.
EDF’s North American affiliate is one of the largest renewable energy developers in the region, ranking among the top 10 renewable capacity owners in the United States, according to the release. Its integrated platform also handles project development, construction, operations, maintenance and asset development.
The company’s website states it has over 35 years of experience delivering clean energy solutions in the U.S. and Canada.
KKR said it’s funding the deal through its global infrastructure strategy.
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“I don't think we're going to ever capture the opportunities of AI if we don't think about it in a responsible way,” Cisco Chief Sustainability Officer Mary de Wysocki told ESG Dive.
“A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.
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“I don't think we're going to ever capture the opportunities of AI if we don't think about it in a responsible way,” Cisco Chief Sustainability Officer Mary de Wysocki told ESG Dive.
“A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.
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