TotalEnergies has agreed with insurance vehicles and accounts managed by global investment firm KKR to sell a 50% interest in a 1.4GW North American solar portfolio. The deal assigns the portfolio an enterprise value of $1.25bn. Due to these transactions and bank refinancing to be finalised shortly, the energy company will receive $950m at closing. The deal comprises six utility-scale solar projects amounting to 1.3GW, and 41 distributed-generation sites totalling 140MW, primarily located in the US. El ...

PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement with insurance vehicles and accounts managed by KKR, a leading global investment firm, for the sale of 50% of a 1.4 GW solar portfolio in North America. This transaction – which aligns with TotalEnergies' renewables business model – values the portfolio at an enterprise value of $1.25 billion. Thanks to these transactions and the bank refinancing currently being finalized, TotalEnergies will receive a. ...

TotalEnergies will sell 50% of a solar portfolio in North America to KKR , the energy group said on Monday. ...