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TotalEnergies and KKR Expand US Solar Joint Venture by 700 MW
Original: TotalEnergies, KKR Add 700 MW to US Solar JV
TotalEnergies and private equity firm KKR have added 700 megawatts of capacity to their joint solar venture in the United States, according to industry outlet Rigzone. The move expands the companies' existing partnership in American solar power and signals continued large-scale investment in renewables despite shifting energy market conditions. The two firms had previously pooled solar assets in the venture, and the latest addition is drawing attention from energy-sector observers tracking how major oil companies and investors balance fossil fuel operations with clean energy growth.
Why now: Investors and energy watchers are tracking major renewables deals as oil majors expand clean-energy portfolios.
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