TotalEnergies expands US venture with KKR with 700 MW portfolio (updated)
UPDATE 1-TotalEnergies expands US venture with KKR with 700 MW portfolio Updates in news bulletin format with additional details
Oct 12 (Reuters) - TotalEnergies TTEF.PA said on Monday it is expanding its joint venture with KKR KKR.N 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)
((Dimitri.Rhodes@thomsonreuters.com))
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