# TotalEnergies and KKR Expand U.S. Solar Joint Venture with $1.2B Deal

- URL: https://stocks.freetheai.org/news/totalenergies-and-kkr-expand-u-s-solar-joint-venture-with-1-2b-deal-4a8f34
- Published: 2026-10-12T07:11:00Z
- Category: energy; sentiment: bullish; impact: medium
- Symbols: [EURONEXT:TTE](https://stocks.freetheai.org/symbols/EURONEXT-TTE), [NYSE:KKR](https://stocks.freetheai.org/symbols/NYSE-KKR)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

TotalEnergies SE (EURONEXT:TTE) and global investment firm KKR & Co. Inc. (NYSE:KKR) have signed an agreement to add a 700-megawatt renewable portfolio to their existing U.S. joint venture. The transaction values the portfolio at an enterprise value of $1.2 billion and expands the 50/50 partnership established in 2025, which previously held 1.4 gigawatts of capacity.

The newly acquired portfolio consists of three utility-scale solar projects situated in Texas and Ohio. Electricity produced from these projects is either already contracted to third parties or will be marketed directly by TotalEnergies SE. TotalEnergies SE will remain the operator of all three facilities after the deal closes, advancing its broader strategic goal to reach more than 100 terawatt-hours of net electricity generation globally by 2030.

The transaction is expected to close in 2026, subject to customary closing conditions. Investors should monitor progress toward bringing the three solar assets to commercial operation, which is slated for completion by the first quarter of 2027.

## Key points

- TotalEnergies SE and KKR & Co. Inc. agreed to add 700 MW of renewable assets to their 50/50 U.S. joint venture.
- The transaction covers three utility-scale solar assets in Texas and Ohio valued at an enterprise value of $1.2 billion.
- TotalEnergies SE will continue operating the solar facilities after completion of the transaction in 2026.
- The solar assets are expected to reach commercial operation by the first quarter of 2027.

## Questions and answers

### What are the details of the TotalEnergies and KKR joint venture agreement?

TotalEnergies SE and KKR & Co. Inc. signed an agreement to add 700 MW of solar power capacity across three projects in Texas and Ohio to their 50/50 U.S. joint venture, in a deal valuing the portfolio at $1.2 billion.

### When will the new solar assets become operational?

The transaction is expected to close in 2026, and the three utility-scale solar assets are expected to reach commercial operation by the first quarter of 2027.