TotalEnergies adds 700 MW solar portfolio to KKR venture
IN SHORT
TotalEnergies is expanding its U.S. joint venture with KKR by adding a 700-megawatt solar portfolio valued at $1.2 billion. The deal includes three utility-scale solar assets in Texas and Ohio, expected to be operational by early 2027. This expansion increases the joint venture's capacity to 2.1 gigawatts.
Key Numbers
$1.2 billionenterprise value of the solar portfolio
700 MWadded solar capacity
2.1 GWtotal joint venture capacity
2025year joint venture was created
Q1 2027expected commercial operation date
2026expected transaction completion year
Who's Involved
TotalEnergies
expanding its U.S. joint venture with KKR
KKR
partner in the U.S. renewables joint venture
↳ Why This Matters
The expansion of TotalEnergies' renewable energy portfolio in the U.S. with KKR underscores the company's commitment to growing its clean energy generation capacity and contributes to the broader energy transition in the United States.