TotalEnergies, KKR add 700 MW US solar portfolio valued at $1.2 billion to joint venture
TTE•TotalEnergies expanded its 50/50 US renewables joint venture with KKR by adding a 700 MW solar portfolio valued at an enterprise value of $1.2 billion. The Texas and Ohio assets are expected to reach commercial operation by the first quarter of 2027, and the deal is expected to close in 2026, subject to customary conditions.
1. Portfolio expansion
TotalEnergies expanded its 50/50 US renewables joint venture with KKR by adding a 700 MW utility-scale solar portfolio valued at an enterprise value of $1.2 billion.
2. Project timeline
The assets are in Texas and Ohio and are expected to reach commercial operation by the first quarter of 2027. TotalEnergies will continue operating the sites, and the deal is expected to close in 2026, subject to customary conditions.
