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TotalEnergies SE Sells 50% Stake in North American Solar Portfolio to KKR for $950M
TotalEnergies SE Sells 50% Stake in North American Solar Portfolio to KKR for $950M
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BTCCSquare news:
TotalEnergies SE has struck a $950 million deal with investment firm KKR, divesting half of its 1.4 GW North American solar portfolio while retaining operational control. The transaction covers six utility-scale projects and 41 distributed generation assets, reinforcing the company's strategic shift toward renewable energy profitability.
Shares of TotalEnergies (NYSE: TTE) closed at $63.15 on September 26, 2025, marking a 1.17% gain. The MOVE aligns with the company's broader strategy to monetize assets while maintaining exposure to the growing renewable energy sector.
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