Group 1 - Total has agreed to sell part of its stake in North American solar assets to KKR & Co., valuing the entire asset portfolio at $1.25 billion, including debt [1] - The company will receive $950 million upon completion of the transaction, which involves selling half of a 1.4 GW asset portfolio [1] - This divestiture is part of Total's strategy to enhance returns on green investments by selling 50% of its stakes in renewable projects after they are built [1] Group 2 - Total's debt has approximately doubled since the beginning of the year, reaching around $26 billion by the end of June, primarily due to falling oil prices [2] - The company has been actively acquiring renewable energy projects, including a 50% stake in a biogas production company in Poland and a 50% stake in a 2 GW integrated energy project in Texas [2] - Total aims for electricity to account for 20% of its energy sales by the end of this decade, despite other companies like Shell and BP reducing their clean energy investments [2]

Core Viewpoint - Total has agreed to sell part of its stake in North American solar assets to KKR & Co, valuing the entire asset portfolio at $1.25 billion, including debt [1] Group 1: Transaction Details - The transaction involves the sale of half of a 1.4 GW asset portfolio, with Total expected to receive $950 million upon completion [1] - The deal includes six large solar power facilities with a total installed capacity of 1.3 GW and 41 distributed generation facilities with a capacity of 140 MW, primarily located in the U.S. [1] - Total has been attempting to sell its renewable energy assets in the U.S. as part of a strategy to enhance returns on green investments by divesting 50% of its stake after project completion [1] Group 2: Financial Context - Total's debt has nearly doubled since the beginning of the year, reaching approximately $26 billion by the end of June, attributed to falling oil prices [2] - The company has also agreed to acquire a 49% stake in natural gas production assets operated by Continental Resources in Oklahoma for an undisclosed amount [1] - As of the end of the second quarter, Total's net solar installed capacity in North America reached 2.8 GW, along with approximately 900 MW of onshore wind capacity [2] Group 3: Strategic Direction - Total continues to pursue its diversification strategy, aiming for electricity to account for 20% of its energy sales by the end of the decade, despite other companies like Shell and BP scaling back clean energy investments due to poor returns [2] - Recent acquisitions include a 50% stake in a Polish biogas production company and a 50% stake in a Texas-based integrated energy project with 2 GW capacity [2]