La Caisse to Acquire Edify Energy

KKR to Acquire EDF Power Solutions Operations in the United States and Canada for $4.2B

June 26, 2026

Infrastructure

EDF signed an agreement under which KKR will acquire the operations and assets of EDF Power Solutions in the United States and Canada. The deal values the business at approximately $4.2 billion, with potential additional earnout payments of up to $390 million, and is expected to close in the second half of 2026 subject to regulatory approvals.

Brookfield and La Caisse Acquire Boralex for C$37.25/Share to Take Company Private

March 27, 2026

Energy

Brookfield Asset Management, alongside La Caisse de dépôt et placement du Québec, entered into a definitive arrangement agreement to acquire all issued and outstanding Class A common shares of Boralex for C$37.25 per share in cash. The transaction values Boralex at an implied enterprise value of about C$9.0 billion (C$9.7 billion on a combined basis) and is expected to close by Q4 2026, subject to approvals.

CDPQ to Acquire Innergex Renewable Energy Inc. for C$10.0 Billion

February 25, 2025

Energy

Caisse de dépôt et placement du Québec (CDPQ) has entered into a definitive agreement to acquire all issued and outstanding common shares of Innergex Renewable Energy Inc. for C$13.75 per share, implying a total enterprise value of C$10.0 billion. The transaction will take Innergex private, has unanimous support from Innergex’s board and backing from largest shareholder Hydro-Québec, and is expected to close by Q4 2025 subject to customary approvals.

ENGIE Acquires Broad Reach Power

August 24, 2023

Energy

ENGIE has acquired Broad Reach Power, a Houston-based developer and operator of utility-scale battery energy storage systems, from investors including EnCap Energy Transition and Apollo funds. The deal—reported to be for an equity value of over $1 billion—strengthens ENGIE's battery-storage capabilities and advances its objective to reach 10 GW of battery capacity by 2030 while reinforcing its position in the United States energy transition.

bp Acquires EDF Energy Services

September 12, 2022

Energy

bp has agreed to purchase EDF Energy Services (EDF ES), a Houston-based supplier of power, natural gas and related services to commercial and industrial customers across the United States. The acquisition brings EDF ES's full retail operating capabilities into bp, enhancing bp's ability to deliver integrated energy and lower-carbon solutions to large C&I and public-sector customers in the U.S.

Generate Capital Acquires esVolta to Expand Battery Storage and Grid Resilience

July 21, 2022

Energy

Generate Capital has acquired utility-scale battery storage developer esVolta LP, adding a portfolio of more than 900 MWh of operational and contracted projects and a pipeline across multiple U.S. states and Canada. The deal gives Generate entry into the front-of-the-meter battery storage market to expand its grid-connected storage capabilities and accelerate deployment of energy storage projects for utilities and offtakers.