TotalEnergies Closes 1.4 GW KKR Solar Deal, Lines Up Second Stake Sale

TotalEnergies completed the sale of a 50% stake in a 1.4 GW North American solar portfolio to KKR, per its Q4 2025 results (February 11, 2026), and has agreed a second stake sale to a KKR-managed insurance account (August 3, 2026). The back-to-back cadence across distinct tranches signals capital recycling is now core to funding the company's 25 GW U.S. pipeline, not a one-off.