TotalEnergies and KKR sign deal for 700 MW US renewables portfolio
The signed agreement would add three solar assets in Texas and Ohio to a 50/50 venture, subject to closing conditions.
Event / data period:
Published: · Updated:
TotalEnergies said on October 12 that it had signed an agreement with KKR to add three US solar assets with a combined capacity of 700 megawatts to their 50/50 renewable-energy joint venture. The assets are in Texas and Ohio. The company put the portfolio’s enterprise value at $1.2 billion and said the transaction would expand the venture, which currently has 1.4 gigawatts of renewable capacity.
The agreement is not a report that the assets have transferred or that the added capacity is operating. TotalEnergies expects completion in 2026, subject to customary conditions, and said the projects are expected to be operational by the first quarter of 2027. The announcement describes a signed transaction and an expected timeline; it does not establish that construction or commercial operation has already occurred.
Data
Announced renewable portfolio terms
Capacity and timing as stated in TotalEnergies’ signed-agreement announcement.
| Three solar assets in Texas and Ohio; 700 MW combined capacity; $1.2 billion enterprise value; completion expected in 2026 subject to conditions; projects expected operational by Q1 2027. |
Methodology
Company-reported terms; the transaction is not represented as closed and the capacity is not represented as operating.
Updated:
Capacity and value stated for the transaction
Company-stated portfolio capacity and valuation for a signed transaction that has not yet closed.
- Solar assets in the agreement
- 3 count
- 2026-10-12 · Observed
- Combined capacity of assets in the agreement
- 700 MW
- 2026-10-12 · Observed
- Stated portfolio enterprise value
- 1.2 billion USD
- 2026-10-12 · Estimate
Methodology
Capacity and enterprise value are transcribed from TotalEnergies; the capacity has not yet transferred or entered operation.
Updated:
Subjects and places
Subject proposals
- Solar powerSuggested
- Subject suggested from the title or summary: solarcorporate.totalenergies.us ↗
Geographic references
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- United States · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredcorporate.totalenergies.us ↗