KKR, Clearway Energy Group and LS Power are circling EDF’s North American renewable energy business as the state-owned French power group sells assets to cut debt and ready a rollout of new nuclear plants.
The private equity firm, clean power developer and independent energy producer are among up to five suitors after a first round of nonbinding bids for the assets worth roughly €4bn, according to people familiar with the matter.
The sale of EDF Power Solutions is the most advanced part of a drive by the French group to raise funds and sell off assets under chief executive Bernard Fontana, who was appointed in May last year to steer the sprawling nuclear operator and energy distributor through an ambitious phase of new reactor constructions in Europe.