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United States: TotalEnergies Expands its Joint Venture with KKR with the Addition of a 700 MW Renewables Portfolio

TTEKKR
  • TotalEnergies and KKR signed an agreement to add 700 MW to their 50/50 U.S. joint venture, expanding the portfolio from 1.4 GW to 2.1 GW.
  • The transaction involves three utility-scale solar assets located in Texas and Ohio with commercial operation dates expected in Q1 2027.
  • The portfolio carries an enterprise value of $1.2 billion, with electricity already sold to third parties or to be marketed by TotalEnergies.
  • TotalEnergies will continue to operate the assets after the transaction, which is projected to close in 2026 subject to customary conditions.
  • As of June 2026, TotalEnergies holds over 37 GW of gross renewable power generation capacity.
  • TotalEnergies aims to achieve over 100 TWh of net electricity production by 2030.