KKR & Co. Inc. (NYSE:KKR) is considering an acquisition of Albioma (ENXTPA:ABIO), 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 could also attract interest from other private equity and infrastructure investors, as well as oil and gas producers seeking to boost their exposure to renewables, the people said. Deliberations are ongoing, and there's no certainty they will lead to a transaction, the people said. Representatives for KKR and Albioma declined to comment.