TotalEnergies sells 50% stake in 1.2 GW renewable energy portfolio to KKR

Type: Sale · Technology: Hybrid · Country: Germany · Capacity: 1.2 GW · Value: EUR 1.8B · Announced: 2026-08-03

TotalEnergies has agreed to sell a 50% stake in a 1.2 GW portfolio of predominantly developed onshore solar and wind assets to an insurance account managed by KKR. The portfolio is located across Germany, Spain, France, and Poland, and the transaction values it at an enterprise value of €1.8 billion. TotalEnergies will maintain the remaining 50% interest and continue to operate the assets after the transaction closes. This sale is expected to be completed later this year, subject to customary conditions.

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