TotalEnergies, KKR add 700 MW US solar portfolio to joint venture valued at $1.2 billion
KKR•TotalEnergies and KKR agreed to add three utility-scale solar assets totaling 700 MW in Texas and Ohio to their 50/50 US joint venture. The portfolio has an enterprise value of $1.2 billion, and the assets are expected to begin commercial operations by the first quarter of 2027.
1. Solar portfolio expansion
TotalEnergies and KKR signed an agreement to add 700 MW of renewable energy assets to their 50/50 US joint venture, expanding its portfolio from 1.4 GW to 2.1 GW. The transaction covers three utility-scale solar assets in Texas and Ohio and has an enterprise value of $1.2 billion.
2. Operations and timing
The assets are expected to reach commercial operations by the first quarter of 2027. TotalEnergies will continue operating them after the transaction closes, which is expected in 2026.
