What is the reported valuation and scope of EDF’s North American renewable power business being acquired by LS Power?

LS Power is discussing paying more than €4 billion ($4.7 billion) for EDF’s North American renewable power business, which had 6.1 gigawatts of solar and wind capacity in operations across the US, Canada, and Mexico at the end of last year, and an additional 19.2 gigawatts under development.

Why is EDF selling its North American renewables unit, and how does this align with its broader financial and strategic priorities?

EDF is selling the unit to raise funds for financing the construction of new nuclear reactors in France and the UK—part of a multi-decade, tens-of-billions-of-euros investment plan—while also managing financial pressure from falling French power prices and a projected slight drop in profits this year, despite having reduced its net financial debt to €51.5 billion last year.

LS Power Near Deal to Acquire EDF’s American Renewables Arm

Jun 4, 2026

LS Power is in advanced talks to acquire EDF's North American renewable business for over $4.7 billion, securing 6.1 gigawatts of operational solar and wind capacity amidst rising power demand.

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LS Power Near Deal to Acquire EDF’s American Renewables Arm