TotalEnergies and KKR Expand US Solar Venture by 700 MW
TotalEnergies and KKR signed a $1.2 billion agreement to add three utility-scale solar assets in Texas and Ohio to their US joint venture.
TotalEnergies and KKR signed an agreement to add 700 MW of renewable energy capacity to their 50/50 joint venture in the United States. The expansion incorporates three utility-scale solar assets located in Texas and Ohio, increasing the venture's existing portfolio to 2.1 GW.
The transaction carries an enterprise value of $1.2 billion and is expected to close in 2026. The new solar assets are projected to reach commercial operation dates by the first quarter of 2027.
TotalEnergies will operate the assets. The electricity produced by these facilities will be marketed by the company or sold to third parties.
