KKR takes 50% stake in TotalEnergies renewables arm for €1.8B

What's the deal? KKR is acquiring a 50% stake in a TotalEnergiesDealroom has a profile for this one. Try Dealroom → renewable power portfolio in Europe for €1.8 billion. The assets span onshore solar and wind projects already selling electricity to third parties or marketed by Total.

What's in the portfolio? The deal covers 500 megawatts of solar and wind assets in operation or under construction, mainly in Italy and the Netherlands. It also includes a 3.5-gigawatt pipeline of solar, wind, and battery storage projects across Italy, the UK, and Spain.

What's the endgame? Total retains half the portfolio while bringing in KKR's capital to expand across Europe. The setup lets the energy group grow its renewables footprint without shouldering the full cost alone.

The signal: Private capital continues to flow into European clean energy, with large investors like KKR partnering with oil majors to fund the build-out of solar, wind, and storage.

Read more: Financial Post