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00:02Total Energy's shares rose in Monday's pre-market trading after the company expanded its U.S.
00:07Renewable Energy Joint Venture with KKR, according to Benzinga. The company's agreed to add 700
00:12megawatts of solar assets to their existing 50-50 partnership, which currently holds 1.4 gigawatts.
00:18The $1.2 billion transaction includes three utility-scale solar projects in Texas and Ohio.
00:24The projects are expected to begin commercial operations by the first quarter of 2027.
00:29The electricity is contracted to third parties or will be marketed by Total Energy's,
00:33which will continue operating the assets. The deal is expected to close in 2026,
00:38subject to customary conditions. The agreement follows an August deal involving a 1.2 gigawatt
00:44European Renewable Energy portfolio. Total Energy's shares gained more than 2%
00:48in pre-market trading, according to Benzinga Prodata. For all things money, visit Benzinga.com.
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