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
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
TotalEnergies sold 50% of its renewable assets in Portugal and acquired a stake in AES's Dominican Republic portfolio, enhancing its renewable energy operations.
(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)
TotalEnergies sold 50% of its portfolio of renewable assets in Portugal.
The assets were sold to a consortium composed of MM Capital Partners 2, Daiwa Energy & Infrastructure, and Mizuho Leasing.
TotalEnergies bought a 50% stake in AES's renewable energy portfolio, which includes solar, wind, and battery energy storage systems.
The Portuguese assets were sold for 178.5 million euros, equivalent to approximately 210 million dollars.
In 2024, TotalEnergies acquired a 30% share in the solar and battery assets AES is building in Puerto Rico.
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