Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

TotalEnergies sells renewable assets in Portugal, buys them in Dominican Republic

Published by Global Banking and Finance Review

Posted on July 2, 2025

Featured image for article about Finance

(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)