KKR & Co. is considering an acquisition of Albioma SA, a French producer of solar and biomass power, as it seeks to expand in renewable energy, people familiar with the matter said.
The private equity firm is in the early stages of discussing a potential bid for Albioma, according to the people, who asked not to be identified because the information is private. Albioma has a market value of about 1.1 billion euros ($1.2 billion).
Global spending on the transition to low-carbon energy rose by more than a quarter to $755 billion in 2021, according to BloombergNEF. Deals included a JPMorgan Chase & Co. fund’s takeover of Falck Renewables SpA valuing the Italian energy firm at nearly $3 billion. This week, a consortium led by Macquarie Group Ltd. agreed to acquire French solar farm developer Reden Solar SAS for an enterprise value of 2.5 billion euros.
Read more: BNN Bloomberg
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