KKR Buys 50% of TotalEnergies' 1.2 GW European Renewable Portfolio for €1.8B
KKR sits 20% above its 52-week low of $82.67.
Summary
KKR is acquiring a 50% stake in a 1.2 GW portfolio of developed onshore solar and wind assets across Germany, Spain, France, and Poland from TotalEnergies. The enterprise value is €1.8 billion, with TotalEnergies retaining the other half and continuing to operate the assets. This deal expands KKR's European renewable footprint, following its recent $4.2B acquisition of EDF Power Solutions' North American operations and the £5.75B DCC Energy buyout. The transaction is expected to close in 2026, subject to customary conditions. The move underscores KKR's conviction in Europe's energy transition and infrastructure, adding scale to its real assets platform.
At the time of this announcement, KKR was trading at $99.46 on NYSE in the Finance sector, with a market capitalization of approximately $91.1B. The 52-week trading range was $82.67 to $152.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.