Overview

• The deal covers six utility‑scale projects totaling 1.3 GW plus 41 distributed-generation assets of 140 MW, primarily in the United States.
• TotalEnergies retains a 50% stake and operational control of the assets under the new joint venture structure.
• The portfolio is valued at an enterprise value of $1.25 billion, with $950 million to be received at closing through sale proceeds and bank refinancing.
• KKR is investing via its insurance vehicles and accounts, with the firm calling the assets a high-quality addition to its energy-transition portfolio.
• TotalEnergies says power output from the projects is either contracted to third parties or will be marketed by the company, supporting its capacity and profitability targets.