EDF Considers Sale of €2 Billion Stake in America Renewables Arm

Electricite de France SA is considering selling a roughly 50% stake in its North American renewable power business, which could fetch about €2 billion, according to people familiar with the matter.

The move — which would help the state-owned utility save cash for huge investments in new reactors at home — is still being discussed. There’s no certainty it will lead to a transaction, the people said, and EDF could opt to sell a larger stake depending on the offers it receives.

EDF Chief Executive Officer Bernard Fontana, who took over leadership of the company in May, has said ...