TotalEnergies expands US venture with KKR with 700 MW portfolio
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FILE PHOTO: The logo of French oil and gas company TotalEnergies at a petrol station in Paris, France, April 8, 2026. REUTERS/Abdul Saboor/File Photo
Oct 12 (Reuters) - TotalEnergies said on Monday it is expanding its joint venture with KKR in the United States with an additional renewables portfolio valued at $1.2 billion.
The deal covers three utility-scale solar assets in Texas and Ohio, adding 700 megawatts to the joint venture the companies created in 2025 that currently holds 1.4 gigawatts.
• The three solar assets are expected to reach commercial operation by the first quarter of 2027
• Electricity from the assets is already sold to third parties or will be marketed by TotalEnergies
• TotalEnergies will continue to operate the assets after completion of the transaction, expected in 2026
(Reporting by Dimitri Rhodes in Gdansk; Editing by Matt Scuffham)
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