TotalEnergies and KKR invest $1.2B in US energy

Total Energies and its subsidiary KKR are expanding their investments in renewable energy in the United States by $1.2 billion. This expansion includes the addition of three solar energy projects in Texas and Ohio, with a total capacity of 700 megawatts, bringing the company's total assets to 1.4 gigawatts. The new projects are expected to commence operations by the first quarter of 2027, with the produced electricity to be sold or marketed. This move is part of the company's strategy to boost electricity generation from renewable sources, following a deal to acquire 500-megawatt renewable energy units in Europe, as part of its expansion in the clean energy market.

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