KKR · News · 20260804N

European Renewable Asset Acquisition

KKR & Co. Inc. · 2026-08-04 · Importance 71 · Surprise 60

An insurance account managed by KKR agreed to acquire a 50% stake in TotalEnergies’ European onshore solar and wind portfolio. The portfolio has 1.2 gigawatts of capacity and is valued at €1.8 billion, or approximately $2.08 billion including debt. The assets are located in Germany, Spain, France, and Poland, while TotalEnergies will retain the other 50% and continue operating them. The transaction is expected to close in 2026 through KKR’s Global Atlantic platform.

Key facts

• TotalEnergies agreed to sell a 50% stake in a 1.2 GW European onshore solar and wind asset portfolio to an insurance account managed by KKR in a transaction valued at €1.8 billion, covering assets in Germany, Spain, France, and Poland, with the deal expected to close in 2026. source
• The TotalEnergies portfolio deal values the portfolio at €1.8 billion, or $2.08 billion, including debt, and comprises a 1.2 gigawatt portfolio across Germany, Spain, France, and Poland. source