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