TotalEnergies and KKR expand US solar venture by 700 MW
Zawya reports that TotalEnergies and KKR will add 700 MW of solar projects in Texas and Ohio, lifting their US joint venture to 2.1 GW. Completion is expected during 2026.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Zawya reports that TotalEnergies and KKR have agreed to contribute 700 MW of solar generation to the 50/50 US venture they formed in 2025. The move will increase the joint portfolio from 1.4 GW to 2.1 GW.
The transaction involves three large-scale solar facilities in Texas and Ohio, with commercial operations scheduled to begin by the first quarter of 2027. Power from the projects has been contracted to outside buyers, or will be sold by TotalEnergies. The portfolio has an enterprise value of $1.2 billion. Closing is expected in 2026 once customary conditions are satisfied, while TotalEnergies will continue operating the assets.
why it matters
The deal expands the joint venture’s solar generation base and leaves TotalEnergies responsible for operating the portfolio and marketing some of its electricity.
instruments
sources
- ZAWYA: TotalEnergies, KKR add 700 MW of solar capacity to US joint venture — Zawya, 12 October 2026 at 10:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗