TotalEnergies sells 50% stake in 1.2 GW renewables portfolio to KKR
Norton Rose Fulbright advised TotalEnergies on the sale of a 50% stake in a 1.2 GW pan-European renewables portfolio to KKR. The deal values the assets at an enterprise value of €1.8 billion and covers onshore wind and solar in Germany, Spain, France and Poland. TotalEnergies will retain 50% and continue operating the assets, subject to customary closing conditions.