TotalEnergies announced on July 3, 2025, the closing of its acquisition of a 50% stake in the solar, wind, and battery energy storage systems portfolio of AES Dominicana Renewables Energy. This transaction significantly enhances TotalEnergies' renewable business within the Dominican Republic.
Concurrently, TotalEnergies stated it was selling 50% of a portfolio of renewable assets in Portugal for 178.5 million euros ($210 million). This divestment is part of the company's ongoing capital recycling strategy, optimizing its global asset base.
For investors, these moves highlight TotalEnergies' strategic agility in expanding its integrated power business in growth markets while divesting assets to reallocate capital efficiently. It reinforces the company's commitment to building a diversified and profitable renewable energy portfolio.
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