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TotalEnergies sells half its North American solar assets to KKR for $950 million, keeping 50% ownership and using proceeds to advance renewables.
TotalEnergies has agreed to sell a 50% stake in its North American solar portfolio to KKR for $950 million, with the deal valued at $1.25 billion including debt.
The portfolio includes 1.4 gigawatts of solar capacity—six utility-scale projects and 41 distributed generation facilities—primarily in the U.S., many already generating electricity.
TotalEnergies will retain a 50% ownership and continue operating the assets, using the proceeds to support its renewable energy strategy and boost profitability in its Integrated Power business.
The transaction reflects a broader shift toward strategic partnerships in clean energy infrastructure.
TotalEnergies vende la mitad de sus activos solares de América del Norte a KKR por 950 millones de dólares, manteniendo el 50% de la propiedad y utilizando los ingresos para avanzar en las energías renovables.