TotalEnergies Sells Half of 1.4 GW Solar Portfolio to KKR, Lines Up Second Deal

TotalEnergies sold a 50% stake in a 1.4 GW North American solar portfolio to KKR, per its Q4 2025 results (Feb. 11, 2026), and agreed a second sale to a KKR-managed insurer (Aug. 3, 2026). Back-to-back tranches signal capital recycling — selling assets to fund new ones — now underpins its 25 GW U.S. pipeline, not a one-off.