05:46 AM EDT, 09/29/2025 (MT Newswires) -- TotalEnergies (TTE) said Monday it has signed an agreement to divest 50% of its 1.4 gigawatts solar portfolio in North America to KKR (KKR) for $950 million.

The company said the portfolio includes six utility-scale solar assets with a combined capacity of 1.3 gigawatts and 41 distributed generation assets totalling 140 MW, primarily located in the US.

Electricity produced at the projects has either been sold to third parties or will be commercialized by TotalEnergies.

TotalEnergies will keep a 50% stake in the portfolio, which has an enterprise value of $1.25 billion, it said.