TotalEnergies has finalized a landmark renewable energy agreement with investment firm KKR, selling a 50% stake in its North American solar assets for $950 million.
Announced on September 29, 2025, the deal highlights the energy giant’s accelerating shift toward clean power and, therefore, marks a major step in its green strategy.
Details of the Solar Portfolio
The partnership covers six large-scale solar farms and 41 distributed generation projects across the United States, with a combined capacity of 1.4 gigawatts.
Moreover, valued at $1.25 billion, the portfolio positions both companies to capitalize on the growing U.S. solar market.
In addition, TotalEnergies will retain the remaining 50% ownership and continue selling part of the electricity generated, ensuring steady revenue from the projects.
Strategic Importance of the Deal
Stephane Michel, President of Gas, Renewables & Power at TotalEnergies, said the transaction strengthens the company’s footprint in North America’s deregulated electricity market.
“This partnership accelerates our renewable energy growth in the United States,” Michel stated. Consequently, the company is now better positioned to meet rising clean energy demand.
Why the Partnership Matters
The sale frees up capital for TotalEnergies to reinvest in additional renewable projects while sharing operational risks with KKR.
Furthermore, it supports the company’s long-term strategy to scale its clean energy portfolio across the competitive U.S. market.
Growing Market Demand for Solar Energy
By keeping a 50% stake, TotalEnergies secures ongoing income while leveraging KKR’s financial backing to expand operations.
As a result, the move reflects increasing demand for solar power in North America as businesses and governments push for sustainable solutions.
Looking Ahead
This partnership positions TotalEnergies to deepen its renewable energy presence in 2025 and beyond, ultimately reinforcing its role in the global transition to sustainable energy.
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