At a glance
- The addition would lift the partners' jointly held solar capacity from 1.4 gigawatts to about 2.1 gigawatts, a 50% increase.
- At a $1.2 billion enterprise value, the expansion works out to about $1.7 per watt of new capacity.
- The new projects are scheduled to be operating by early 2027, extending the partners' existing joint solar platform in Texas and Ohio.
KKR and TotalEnergies are planning a $1.2 billion expansion of their U.S. solar joint venture that would add 700 megawatts of capacity in Texas and Ohio, according to a deal log.
The addition would lift the partners' jointly held solar capacity from 1.4 gigawatts to about 2.1 gigawatts, a 50% increase. At a $1.2 billion enterprise value, the expansion works out to about $1.7 per watt of new capacity.
The new projects are scheduled to be operating by early 2027, extending the partners' existing joint solar platform in Texas and Ohio.
Reported by The Wrap desk from our tracking. Published . Corrections