KKR to acquire a 50% stake in a 1.4GW solar portfolio in North America from TotalEnergies for $625m.

KKR, a global investment firm, agreed to acquire a 50% stake in a 1.4GW solar portfolio in North America from TotalEnergies, a global integrated energy company, for $625m. "TotalEnergies is a renewable energy industry leader globally, and we are thrilled to establish this joint venture with the TotalEnergies team to support their renewables business. We have long been investors in renewables through our infrastructure platform, having committed more than $23bn to date in energy transition investments. TotalEnergies’ North American solar portfolio is a great fit for us, representing high-quality renewable energy assets with long term contracts," Cecilio Velasco, KKR Managing Director.