The (big) deal: The French company has agreed to sell its subsidiary EDF Power Solutions to PE firm KKR. The reasoning: EDF is raising funds to build six nuclear units in France (and maintain 57 aging reactors), Reuters reported.
While we’re here: The FCC is drafting a ban on Chinese-made power inverters (on which many US utilities depend). The Trump administration worries China could wield the inverters to control US power supplies—but this move is likely to hinder clean energy deployment. The rule is slated for publication as early as this year.
Molly Glick
Energy Central Team
Tue, Jun 30
NEWS: EDF is selling 5.6 GW of US and Canada renewables to private equity.
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