TotalEnergies North America solar portfolio — 1.3 GW utility-scale + 140 MW distributed generation across US
KKR acquires 50% stake in 1.4 GW North American solar portfolio from TotalEnergies. Six utility-scale assets (1.3 GW) and 41 distributed generation assets (140 MW). TotalEnergies retains 50% and continues to operate. KKR has committed $23B+ to energy transition investments.
$1.25B
Deal Value
1,400MW
Capacity
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- TotalEnergies
- Buyer / Financier
- KKR
- Deal Value
- $1.25B
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- TotalEnergies
Capital Structure
$1.25B
Total transaction value
Tranches
- Cash Equity Proceeds at Close · KKR (insurance vehicles/accounts)
- $950M
Service Providers
Advisory & Legal
- Buyer Counsel
- Kirkland & Ellis, Bennett Jones
- notes
- Kirkland (US) + Bennett Jones (Canadian) for KKR. Kirkland debt finance team also engaged.
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