TotalEnergies and KKR, a leading global investment firm, have announced the signing of an agreement to add 700 MW to the 50/50 Joint-Venture (JV) they created in the U.S. in 2025, which currently holds 1.4 GW.
The transaction covers a portfolio of three utility scale solar assets located in Texas and in Ohio which are expected to reach their commercial operation dates by the first quarter of 2027. The electricity produced by these assets is already sold to third parties or will be marketed by TotalEnergies. The transaction reflects an enterprise value of $1.2 billion for the portfolio.
TotalEnergies will continue to operate the assets after completion of the transaction, which is expected in 2026 subject to customary conditions.
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Source: TotalEnergies
