KKR buys 50% of TotalEnergies renewables portfolio for €1.8bn
- Location
- Paris · 🇺🇸 USA / France
- Sector
- Energy
- Organisations
- KKR (von KKR verwaltetes Versicherungskonto) ↔ TotalEnergies SE — 50 % an einem 1,2-GW-Erneuerbaren-Portfolio
- Transaction
- Stake — 50% partial sale (farm-down)
- Volume
- €1.8bn enterprise value of the overall portfolio
- Status
- announced
Alongside the Shell acquisition, TotalEnergies is selling a 50% stake in a largely developed 1.2GW portfolio of onshore solar and wind assets in Germany, Spain, France and Poland to an insurance account managed by KKR. The portfolio's enterprise value is €1.8bn. TotalEnergies retains the other 50% and will continue to operate the assets; the electricity is already sold to third parties or will be marketed by TotalEnergies. Completion is expected in 2026. The partial sale is part of the group's business model of farming down developed renewables portfolios year after year to free up capital for new projects.
Source: totalenergies.com ↗ · Archived copy ↗
Evidence: one source · archived copy saved · second source missing (two-source rule) · How well sourced is Eurotrack?