By Adam Whittaker
TotalEnergies said it agreed to sell a 50% stake in a North American solar business to U.S. private equity company KKR in a deal that values the portfolio $1.25 billion including debt.
The French energy major said Monday that it will receive $950 million upon the closing of the deal.
The portfolio covers six utility-scale solar assets with a combined capacity of 1.3 gigawatts, and 41 distributed generation assets which total 140 megawatts, which are primarily situated in the U.S, it said.
TotalEnergies will retain a 50% stake in the assets and continue to operate them after the transaction closes.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
September 29, 2025 02:40 ET (06:40 GMT)
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