KKR and TotalEnergies plan $1.2bn U.S. solar expansion
The deal would add 700 megawatts in Texas and Ohio, raising jointly held capacity from 1.4 GW to about 2.1 GW.
At a glance
KKR and TotalEnergies are planning a $1.2 billion expansion of their U.S. solar joint venture that would add 700 megawatts of capacity in Texas and Ohio, according to a deal log.
The addition would lift the partners' jointly held solar capacity from 1.4 gigawatts to about 2.1 gigawatts, a 50% increase.
The new projects are scheduled to be operating by early 2027, extending the partners' existing joint solar platform in Texas and Ohio.
KKR and TotalEnergies are planning a $1.2 billion expansion of their U.S. solar joint venture that would add 700 megawatts of capacity in Texas and Ohio, according to a deal log.
The addition would lift the partners' jointly held solar capacity from 1.4 gigawatts to about 2.1 gigawatts, a 50% increase. At a $1.2 billion enterprise value, the expansion works out to about $1.7 per watt of new capacity.
The new projects are scheduled to be operating by early 2027, extending the partners' existing joint solar platform in Texas and Ohio.
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