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TotalEnergies and KKR have teamed up for a $1.2 billion solar project.

DealRead the original at Benzinga
Good for TTE

The projects expand TotalEnergies’ U.S. solar business, and it will keep operating them. Closing remains subject to conditions, and the projects are not expected to operate until 2027.

TTE · TotalEnergies SE

AI read · Good for TTE

The AI's read

The added projects would broaden TotalEnergies’ U.S. power business. The company will keep running them, and their electricity is already contracted or will be marketed by TotalEnergies. The main limit is timing: closing depends on customary conditions, and the projects are not expected to operate until 2027.

KKR · KKR & Co.

AI read · Good for KKR

The connection

The agreement would add solar projects to KKR’s shared venture with TotalEnergies, expanding its renewable-energy holdings. Closing remains subject to conditions, and the projects are not expected to operate until 2027.

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