TotalEnergies SE stated Wednesday it had accomplished the acquisition of a 50 % stake in AES Corp.’s renewable vitality and battery vitality storage system (BESS) portfolio of over one gigawatt within the Dominican Republic.
Final yr the French vitality large acquired a 30 % stake in Arlington, Virginia-based AES’ renewables portfolio in Puerto Rico.
“The mixed portfolio now exceeds 1.5 GW of renewable vitality and BESS capability throughout the Caribbean”, TotalEnergies stated in an internet assertion.
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The Dominican portfolio contains wind, photo voltaic and BESS tasks, 410 megawatts of that are operational or underneath building. Underneath-development wind and photo voltaic whole over 500 MW. The BESS tasks will likely be built-in into photo voltaic vegetation to mitigate intermittency, in keeping with TotalEnergies.
The corporate already owns a 103-MW photo voltaic plant underneath building and {a partially} solarized community of 184 service stations, in addition to operates pure gasoline distribution, within the Dominican Republic.
The Puerto Rican portfolio contains 200 MW of photo voltaic and 285 MW/1,140 MW hours of BESS tasks underneath building.
“TotalEnergies is pursuing deployment of its multi-energy technique on the island, the place it’s already energetic within the gasoline, lubricants, and aviation sectors, and operates a community of 200 service stations between Puerto Rico and the island of St Thomas”, the corporate stated.
Stephane Michel, TotalEnergies president for gasoline, renewables and energy, stated, “We’re happy to develop our multi-energy technique by this partnership with AES, specializing in renewables and battery storage in a area the place TotalEnergies is already a number one provider of LNG, notably for energy era. Since 2018, we now have been supplying LNG to AES’s subsidiaries in Panama and the Dominican Republic”.
On April 15, 2025, TotalEnergies introduced a heads of settlement with Energia Pure Dominicana (EnaDom), the three way partnership between AES and Energas within the Dominican Republic, for the provision of 400,000 metric tons a yr of LNG for 15 years from 2027. The volumes from TotalEnergies would allow EnaDom to provide a 470-MW combined-cycle energy plant underneath building.
Juan Ignacio Rubiolo, AES govt vp and president for Power Infrastructure, stated of the farm-out, “The proceeds from this transaction will likely be reinvested in AES Dominicana, to develop our renewables footprint”.
TotalEnergies goals to achieve 35 GW gross renewables-sourced era capability by the top of 2025 and over 100 terawatt hours of web electrical energy manufacturing by 2030. As of the top of the primary quarter of 2025, TotalEnergies had 28 GW gross put in renewables capability, in keeping with the corporate.
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