TotalEnergies Expands U.S. Solar Venture With KKR in $1.2 Billion Deal

What happened: TotalEnergies and KKR agreed to expand their U.S. renewable joint venture with three utility-scale solar projects valued at $1.2 billion, adding 700 MW of capacity. Key numbers: $1.2 billion deal value. 700 MW added. Portfolio rises 50% from 1.4 GW to 2.1 GW. Projects in Texas and Ohio. Why it matters: The deal extends a partnership that lets TotalEnergies recycle capital from renewable assets while keeping ownership and operating control, financing more generation without full capital outlay. It also follows the companies' expanded collaboration into Europe.

TotalEnergies and KKR agreed to expand their U.S. renewable joint venture with three utility-scale solar projects valued at $1.2 billion, adding 700 MW of capacity.

The deal extends a partnership that lets TotalEnergies recycle capital from renewable assets while keeping ownership and operating control, financing more generation without full capital outlay. It also follows the companies' expanded collaboration into Europe.