TotalEnergies Sells Stake in European Renewable Energy Portfolio
TotalEnergies has entered into an agreement to sell a 50% stake in its 1.2 gigawatt (GW) portfolio of onshore solar and wind assets across Europe to KKR, which will manage the transaction through one of its insurance accounts. The renewable energy projects are largely developed and operational. This move aligns with TotalEnergies' strategy to optimize capital allocation while maintaining a presence in key growth areas like renewables. For KKR, this acquisition expands its footprint in clean energy infrastructure investments across Europe.
Topics: KKR partnership renewable energy solar and wind assets