United States: TotalEnergies Expands its Joint Venture with KKR with the Addition of a 700 MW Renewables Portfolio
KKR and TotalEnergies agreed to add a 700 MW portfolio of three utility-scale solar assets in Texas and Ohio to their existing 50/50 U.S. renewables joint venture, valuing the portfolio at $1.2 billion enterprise value. The JV, formed in 2025, currently holds 1.4 GW; the new assets are expected to reach commercial operation by Q1 2027, with TotalEnergies continuing to operate them after an expected 2026 close.
Key figures
- Deal Value Usd
- $1.2 billion
- Jv ownership
- 50/50
- Portfolio capacity mw
- 700
- Existing jv capacity gw
- 1.4
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.