LS Power Said to Near Deal for EDF’s American Renewables Arm (2)

LS Power LLC is in advanced talks to buy Electricite de France SA’s North American renewable power business amid rising energy demand to supply data centers, according to people familiar with the matter.

LS Power is discussing paying more than €4 billion ($4.7 billion) for the unit, one of the people said, asking not to be identified discussing confidential information. A deal may be announced in the coming days or next week, the people said. Talks may drag on for longer and could still fall apart, they added.

A spokeswoman for EDF said the company can’t comment on an ...