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.
Source: Reuters.com