Data from thinktank Ember shows that, in 2025, solar PV and wind generation exceeded that of fossil fuels for the first time on record, and in June solar PV accounted for one-quarter of all electricity generation across the EU. TotalEnergies sells stake in 1.2GW renewable energy project to KKRTotalEnergies announced a separate agreement alongside the Shell deal today, which includes the selling of a 50% stake in a 1.2GW solar PV and wind portfolio to global investor KKR. “This investment reflects our conviction in the long-term fundamentals supporting Europe’s renewable energy sector and the critical role infrastructure will continue to play in the energy transition,” said Vincent Policard, co-head of European infrastructure at KKR. This is not the first time the two companies have signed such a deal; last year, KKR acquired a 50% stake in a 1.4GW solar portfolio in North America from TotalEnergies. KKR has become a major player in renewable energy acquisitions around the world, having acquired EDF’s renewable energy business in North America in a deal worth €4 billion earlier this summer.