TotalEnergies sells renewable assets in Portugal, buys them in Dominican Republic (updated)
02/07/2025 13:39
Adds deal in Dominican Republic in headline and paragraphs 1, 3-4 July 2 (Reuters) - TotalEnergies TTEF.PA 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 8425.T 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) ((mathias.derozario@thomsonreuters.com;))