TotalEnergies (NYSE: TTE) announced it would sell 50% of a 1.4 GW North American solar portfolio for total cash proceeds of $950 million. The solar transaction—a joint venture with insurance vehicles and accounts managed by KKR—values the portfolio at a $1.25 billion enterprise value. Case in point 👇TotalEnergies today sold half of its North American solar power business… aaaaand then an hour later announced that it bought a bunch of US natural gas assets pic.twitter.com/33EKZgjSOP — Stephen Stapczynski (@SStapczynski) September 29, 2025In the gas deal, TotalEnergies signed with privately-held Continental Resources to acquire a 49% non-operated stake in Anadarko Basin producing assets. TotalEnergies framed the pair of moves as balance-sheet and portfolio management: monetizing de-risked renewables at COD while adding low-cost upstream gas in the US to reinforce its LNG position. The company said the solar sale’s $950 million proceeds include bank refinancing now being finalized while the terms of the Anadarko stake were not disclosed.