The deal in numbers
KKR, the global investment firm, has secured a 50% stake in a European renewable energy portfolio through a major transaction. This portfolio consists of over 1.2 gigawatts of operational onshore solar and wind assets. Valued at €1.8 billion ($2.1 billion), the assets are spread across key energy markets in Germany, Spain, France, and Poland. These assets either already supply electricity to third parties or are marketed directly by TotalEnergies.
Energy transition strategy
Vincent Policard, co-head of European Infrastructure at KKR, emphasized that this acquisition supports the firm’s belief in the long-term strength of Europe’s renewable energy sector. He described the move as a strategic step toward strengthening KKR’s infrastructure investments across the continent. This follows KKR’s broader strategy of backing stable, long-term assets that align with global sustainability goals and energy transformation.
TotalEnergies' role after the deal
TotalEnergies, the global energy company, will retain 50% ownership of the renewable energy assets and will continue to operate them post-transaction. The company’s strategy is centered on sustainability and the shift to low-carbon energy solutions. As one of the leading energy firms, TotalEnergies has a significant presence across 120 countries and employs over 100,000 people to deliver affordable, reliable, and sustainable energy worldwide.
The transaction is set to conclude in 2026, contingent on standard regulatory approvals and legal requirements. TotalEnergies aims to remain a key player in the energy transition by maintaining its commitment to renewables and low-carbon technologies.
About KKR
KKR is a global investment leader offering alternative asset management and a range of insurance and capital market services. The firm uses a careful and patient investment strategy, combining top-tier expertise with a focus on growth across its diverse portfolio. Its investment vehicles span private equity, credit, real assets, and hedge funds, with insurance operations managed by Global Atlantic Financial Group. KKR operates under the ticker symbol KKR (NYSE: KKR) and provides more details through its official website at www.kkr.com.
About TotalEnergies
TotalEnergies is a major integrated energy firm that supplies a wide range of products, including oil, natural gas, renewables, and low-carbon hydrogen. It is deeply committed to sustainability and has placed environmental considerations at the heart of its business model. The company has a strong presence in more than 120 countries and aims to provide energy solutions that are both sustainable and accessible to millions of people.