TotalEnergies and KKR Expand U.S. Renewable Joint Venture with Acquisition of Solar Assets
TotalEnergies (TTE) and private equity firm KKR have expanded their 50/50 joint venture in the United States by acquiring three utility-scale solar assets for $1.2 billion, adding 700 MW to their existing portfolio. The acquisition increases the total capacity of the renewable energy joint venture to 2.1 GW and marks a significant step toward scaling up clean energy infrastructure in Texas. The move aligns with both companies' long-term strategies to grow their presence in sustainable power generation, leveraging KKR's investment expertise alongside TotalEnergies’ operational capabilities. This transaction reflects growing investor confidence in the U.S. solar market amid increasing demand for renewable energy and supportive regulatory frameworks.
