HomeOctober 12, 2026
TotalEnergies Expands Joint Venture With KKR With Addition Of 700 MW Renewables Portfolio In Texas & Ohio
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TotalEnergies and KKR today announced the signing of an agreement to add 700 MW to the 50/50 Joint-Venture (JV) that the companies created in the U.S. in 2025, which currently holds 1.4 GW.
The transaction covers a portfolio of three utility scale solar assets located in Texas and in Ohio which are expected to reach their commercial operation dates by the first quarter of 2027.
The electricity produced by these assets is already sold to third parties or will be marketed by TotalEnergies, the companies said
The transaction reflects an enterprise value of $1.2 billion for the portfolio, the companies said
TotalEnergies will continue to operate the assets after completion of the transaction, which is expected in 2026 subject to customary conditions.
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