TotalEnergies acquires 1.5 GW of AES renewable assets in the Caribbean
TotalEnergies acquires 50% of AES’ renewable portfolio in the Dominican Republic following a previous purchase of 30% of similar assets in Puerto Rico, consolidating 1.5 GW of solar, wind, and battery storage capacities in the Caribbean.
| Countries | République Dominicaine, Panama, États-Unis |
|---|---|
| Companies | TotalEnergies, AES Corporation |
| Sector | Énergie Solaire, Énergie Éolienne, Stockage énergie, Photovoltaïque, Terrestre, Batteries |
| Theme | Annonce, Développement de projets |
TotalEnergies has finalized the acquisition of 50% of the renewable energy production portfolio of AES Dominicana Renewables Energy in the Dominican Republic. This transaction follows a similar operation carried out in 2024, when TotalEnergies took a 30% stake in AES Corporation’s renewable projects in Puerto Rico. The combined assets of both transactions represent a cumulative installed capacity exceeding 1.5 gigawatts (GW), including solar plants, wind farms, and Battery Energy Storage Systems (BESS). This capacity is expected to enable annual production of 2.5 terawatt-hours (TWh) of renewable electricity.
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