Électricité de France is selling its North American renewables business to KKR for $4.2 billion. The transaction aims to maximise EDF's financial capacity to deploy new low-carbon solutions across nuclear power, hydroelectricity and renewables, according to CEO Bernard Fontana. The sale represents a strategic shift as EDF focuses its resources on core low-carbon energy technologies whilst divesting its North American renewable assets to the private equity firm.

EDF Power Solutions and Partners sign agreements to develop 2 GW Jabal Abyad Energy Storage Project and 1 GW Digital Infrastructure Platform in Oman. EDF Power Solutions has signed a series of strategic agreements in the Sultanate of Oman to advance large-scale energy storage and digital infrastructure projects, reinforcing cooperation between Oman and France in support of the Sultanate's energy transition and economic diversification objectives. The agreements were signed in the presence of His Majesty Sultan Haitham bin Tarik Al Said and French President Emmanuel Macron, underscoring the growing strategic partnership between the two countries. The signing ceremony was attended by Béatrice Buffon, Chief Executive Officer of EDF Power Solutions, Anwar bin Hilal bin Hamdoun Al Jabri, Minister of Commerce, Industry and Investment Promotion, and Ahmed Al Abri, Chief Executive Officer of Nama Power and Water Procurement Company (PWP). 2 GW Jabal Abyad Pumped Hydro Energy Storage Project. A key agreement covers the development of the 2,000 MW Jabal Abyad Pumped Hydro Energy Storage (PHES) Project, which is expected to become the largest pumped hydro energy storage facility in the Middle East. The project will be developed through a partnership comprising EDF Power Solutions, Oman National Engineering and Investment Company (ONEIC), TAKHZEEN Oman, and Green Universe Enterprise (GUE), in coordination with Oman's Authority for Public Services Regulation (APSR). Located near the Wadi Dayqah Dam, the project will provide long-duration energy storage capacity designed to strengthen grid reliability, improve system flexibility, and facilitate the integration of increasing volumes of renewable energy into Oman's power network. The facility is expected to play a critical role in supporting the country's clean energy ambitions by enabling more efficient utilization of renewable power generation while enhancing overall grid stability. Discover more Demographics Business Formation Construction project leads 1 GW Digital Infrastructure development initiative. In a parallel development, the Government of Oman, EDF Power Solutions, and Synergy Investments signed a Memorandum of Understanding (MoU) to collaborate on the development of a 1,000 MW sustainable digital infrastructure platform. The initiative is intended to support the Sultanate's ambition to become a regional hub for artificial intelligence (AI), advanced computing, cloud services, and digital innovation, while creating a sustainable energy backbone for next-generation data center infrastructure. Supporting Oman Vision 2040. The agreements establish a framework for detailed technical studies, project development activities, and ongoing collaboration among stakeholders to advance both projects toward implementation. Together, the initiatives are expected to support Oman's clean energy transition, strengthen critical infrastructure, attract investment, and contribute to the objectives of Oman Vision 2040, which seeks to drive sustainable economic growth, innovation, and diversification across the Sultanate. Project highlights. | Item | Details | | Project Developer | EDF Power Solutions and Partners | | Energy Storage Project | Jabal Abyad Pumped Hydro Energy Storage (PHES) Project | | Capacity | 2,000 MW | | Location | Near Wadi Dayqah Dam, Oman | | Partners | EDF Power Solutions, ONEIC, TAKHZEEN Oman, GUE, APSR | | Scope | Development of long-duration pumped hydro energy storage facility | | Digital Infrastructure Project | Sustainable Digital Infrastructure Platform | | Capacity | 1,000 MW | | Partners | Government of Oman, EDF Power Solutions, Synergy Investments | | Scope | AI, cloud computing, advanced computing and data center infrastructure development | | Strategic Objective | Support Oman Vision 2040, renewable energy integration, grid stability, and digital economy growth |

EDF power solutions North America, Red Rock Indian Band, and Fort William First Nation announce the selection of Northern Breeze. TORONTO (May 22, 2026) - EDF power solutions North America, Red Rock Indian Band, and Fort William First Nation have signed a Power Purchase Agreement (PPA) with the Ontario Independent Electricity Service Operator (IESO) for Northern Breeze Energy - a wind project in partnership between EDF power solutions (50%), Red Rock Indian Band (25%), and Fort William First Nation (25%). The contract was executed as part of Ontario's Long-Term 2 (LT2) Energy Window 1 procurement to meet the growing demand for clean electricity to supply future economic growth. The 200-megawatt (MW) project, consisting of up to 34 wind turbines, is located on public land in Unincorporated Territory in the Jacques Township, north of Thunder Bay, and is expected to generate enough power for approximately 64,500 homes. As one of 13 clean energy projects selected by the Ontario IESO, Northern Breeze will contribute to LT2's total of 1,115.10 MW of contracted capacity to meet growing demand while supporting grid decarbonization. Additionally, the project represents an investment of over $700M CAD and will create approximately 250 jobs during the construction phase. "I am delighted to see Red Rock Indian Band and Fort William First Nation come together with EDF power solutions in a true partnership to construct and deliver affordable, clean energy to serve Northern Ontario's growing communities and economic ambitions as people and businesses choose clean energy," said Mark Gallagher, Senior Director Development at EDF power solutions. "As one of the largest and most experienced developers of wind energy in Canada, we are confident that we have assembled a knowledgeable and dedicated team that will collaborate with the Ontario government and local stakeholders to bring this project to commercial operation." The Red Rock Indian Band stated, "We are pleased to announce our partnership with EDF power solutions and Fort William First Nation to advance renewable energy projects within our traditional territory. This collaboration will support the growing demand for clean, reliable energy while creating long-term economic opportunities for the Nation. Every project we undertake will be developed in a manner that respects our ancestral rights, our cultural values, and the traditions that have guided us for generations. As Anishinaabe people, we carry a sacred responsibility as stewards of this land - and it is in that spirit that we move forward. Renewable energy is not simply an economic opportunity; it is an expression of our duty to reduce our environmental footprint, strengthen our energy security, and protect the spirit of this land for the children and grandchildren who will inherit it." Fort William First Nation added, "We are proud to be a significant equity partner in the Northern Breeze Energy project; a partnership that reflects our commitment to economic development, self-determination, and shared prosperity. This initiative represents more than a single project; it is a meaningful collaboration between Fort William First Nation, Red Rock Indian Band, and EDF power solutions that ensures First Nations have a direct voice and ownership stake in the clean energy future in the Robinson Superior Treaty territory and beyond. By working together as equal partners, we are upholding our responsibilities as stewards of the land while creating long-term economic opportunities and sustainable benefits for our members and future generations." Northern Breeze will seek input from First Nations, local residents and communities, as well as key government agencies and stakeholders, to ensure the project is well supported and advances to meet the planned in-service date of 2029. About Fort William First Nation The Fort William Reserve, located on the western end of Lake Superior adjacent to the city of Thunder Bay, signatory to the Robinson-Superior Treaty in 1850. The traditional territories occupied and used by the Chippewas at Fort William and their residence stretched from Pigeon River to the south, north of Treaty 9 boundary and east to Nipigon. Today Fort William occupies 5815.1 hectares of land with a population close to 3000 members. Since the Treaty of 1850, Fort William has developed an excellent track record in its dealings with government and private industry in its efforts to become self-sustaining and the hub to Northwestern Ontario Indigenous businesses and communities. About Red Rock Indian Band The Red Rock Indian Band (RRIB) is an Ojibwe First Nation in Northwestern Ontario, Canada. The Council is an independent member of Union of Ontario Indians, a Provincial Territorial Organization. As of November 2020, the total registered population of the Red Rock Indian Band is 2089, with 1789 members residing off-reserve. Media Relations 858-521-3525 [email protected]