TotalEnergies Agrees to Sell Stake in North America Solar Assets

Bloomberg.com · last updated September 28, 2025 – 10:49 PM

TotalEnergies SE agreed to sell a 50% stake in solar assets in North America in a deal valuing the portfolio at an enterprise value of $1.25 billion.

The energy major signed an agreement with insurance vehicles and accounts managed by KKR & Co. for the sale of half of a 1.4-gigawatt portfolio, according to a statement on Monday. With bank refinancing currently being finalized, Total will receive $950 million at closing.

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