Finance
TotalEnergies Sells Renewable Assets in Portugal, Buys Them in Dominican Republic
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
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TotalEnergies sold 50% of its renewable assets in Portugal and acquired a stake in AES's Dominican Republic portfolio, enhancing its renewable energy operations.
TotalEnergies sells renewable assets in Portugal, buys them in Dominican Repu...
(Reuters) -TotalEnergies has sold 50% of its portfolio of renewable assets in Portugal and bought a half of AES's renewable energy portfolio in the Dominican Republic, it said on Wednesday.
The Portuguese assets were sold to a consortium composed of MM Capital Partners 2, Daiwa Energy & Infrastructure and Mizuho Leasing for 178.5 million euros ($210 million). Total said it would remain the operator of the assets after the sale.
In a separate press release, the French group said it had closed the purchase of a 50% stake in the solar, wind and battery energy storage systems portfolio from AES Dominicana Renewables Energy.
The deal follows TotalEnergies' 2024 acquisition of a 30% share in the solar and battery assets AES is building in Puerto Rico.
($1 = 0.8506 euros)
(Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)
Key Takeaways
- •TotalEnergies sold 50% of its renewable assets in Portugal.
- •The assets were sold for 178.5 million euros.
- •TotalEnergies acquired a 50% stake in AES's Dominican portfolio.
- •The deal includes solar, wind, and battery storage systems.
- •TotalEnergies continues to operate the Portuguese assets.
Frequently Asked Questions about TotalEnergies sells renewable assets in Portugal, buys them in Dominican Republic
1What percentage of renewable assets did TotalEnergies sell in Portugal?
TotalEnergies sold 50% of its portfolio of renewable assets in Portugal.
2Who purchased the renewable assets in Portugal?
The assets were sold to a consortium composed of MM Capital Partners 2, Daiwa Energy & Infrastructure, and Mizuho Leasing.
3What did TotalEnergies acquire in the Dominican Republic?
TotalEnergies bought a 50% stake in AES's renewable energy portfolio, which includes solar, wind, and battery energy storage systems.
4What was the value of the sale of Portuguese assets?
The Portuguese assets were sold for 178.5 million euros, equivalent to approximately 210 million dollars.
5What previous investment did TotalEnergies make related to AES?
In 2024, TotalEnergies acquired a 30% share in the solar and battery assets AES is building in Puerto Rico.
