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KKR Buys $4.2B Renewable Portfolio to Power U.S. Data Centers

7/2/2026

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Summary

Story summary

Cecilio Velasco, KKR Managing Director, said the $4.2 billion purchase, financed through KKR’s $26 billion renewable infrastructure strategy, will help meet U.S. power demand from data centers, reshoring and electrification.
The deal adds more than 5.6 GW of wind, solar and battery assets to KKR’s renewable portfolio.
EDF plans to use the proceeds to maintain its 57 French nuclear reactors and fund six European units.

History

Historical Context

Enacted on Feb 17 2009, the American Recovery and Reinvestment Act injected $787 billion into the economy, earmarking $27.2 billion for renewable-energy loans, grants and efficiency programs. That stimulus jump-started private-equity interest, leading firms such as KKR to acquire large portfolios of wind, solar and battery projects, while other investors channel funds into nuclear and renewable expansion.

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Story summary

Cecilio Velasco, KKR Managing Director, said the $4.2 billion purchase, financed through KKR’s $26 billion renewable infrastructure strategy, will help meet U.S. power demand from data centers, reshoring and electrification.
The deal adds more than 5.6 GW of wind, solar and battery assets to KKR’s renewable portfolio.
EDF plans to use the proceeds to maintain its 57 French nuclear reactors and fund six European units.

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