TotalEnergies and KKR Expand US Solar Joint Venture by 700 MW

3-line summary

• TotalEnergies and KKR agreed to add 700 MW of solar capacity to their US joint venture, through three utility-scale solar assets in Texas and Ohio expected to begin commercial operation before Q1 2027, according to Investing.com. The portfolio carries an enterprise value of $1.2 billion, and power output has been or will be sold to third parties by TotalEnergies.
• TotalEnergies will continue to operate the assets after the deal closes, which is expected in 2026 subject to customary conditions. The 50-50 joint venture between TotalEnergies and KKR currently has 1.4 GW of capacity.

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