TotalEnergies has announced that it has acquired 50% of the renewable portfolio in the Dominican Republic of the US-based energy company AES Corporation, which includes over 1GW of contracted wind, solar, and battery energy storage system (BESS) projects.
The company said 410MW of this is already operational or under construction, supplying electricity under long-term power purchase agreements.
The portfolio also includes over 500MW of wind and solar capacity which is in development alongside BESS projects that the company said will be integrated into solar plants.
This will allow the company to expand its renewables business in the Dominican Republic, where it has a partially solarised network of 184 service stations, natural gas distribution and a 103MW solar plant under construction.
This follows TotalEnergies’ 2024 acquisition of a 30% share of AES’ solar and battery assets being constructed in Puerto Rico.
In this region, AES’ renewables portfolio includes 485MW of contracted solar and BESS projects, including 200MW of solar and 285MW/1140MWh of BESS projects currently under construction.
TotalEnergies said it plans to deploy its multi-energy strategy on the island, where it is already active in multiple sectors including fuel, lubricants and aviation.
The company operates a network of 200 service stations between Puerto Rico and the island of St Thomas.
Stéphane Michel, president of Gas, renewables and power, TotalEnergies, said, “We are pleased to expand our multi-energy strategy through this partnership with AES, focusing on renewables and battery storage in a region where TotalEnergies is already a leading supplier of LNG, notably for power generation. Since 2018, we have been supplying LNG to AES’s subsidiaries in Panama and the Dominican Republic”
Image: The Dominican Republic flag. Credit:hhach.
