KKR, TotalEnergies expand US renewables JV with 700 MW solar portfolio valued at $1.2 billion
TTE•KKR and TotalEnergies agreed to add 700 MW of U.S. utility-scale solar assets in Texas and Ohio to their 50/50 joint venture. The portfolio has an enterprise value of $1.2 billion, and the transaction is expected to close in 2026.
1. Solar portfolio expansion
The agreement adds 700 MW of U.S. utility-scale solar assets in Texas and Ohio to the KKR and TotalEnergies 50/50 joint venture. The portfolio's enterprise value is $1.2 billion. The assets are expected to reach commercial operation by the first quarter of 2027; TotalEnergies will operate them. The transaction is expected to close in 2026, subject to customary conditions.
