Broadening its clean energy portfolio in the Caribbean, TotalEnergies announced it has purchased 50% of AES Dominicana’s renewable energy assets, marking a strategic shift from liquefied natural gas (LNG) to a diversified multi-energy approach.
A company press release reveals that the acquisition was announced Tuesday, 2 July 2025 and builds on the French energy giant’s 2024 purchase of a 30% interest in AES’s Puerto Rican solar and battery projects, further cementing TotalEnergies’ position in the region’s energy transformation.
The newly combined portfolio now exceeds 1.5 gigawatts (GW) of renewable and battery storage capacity, capable of generating approximately 2.5 terawatt-hours annually—enough to power hundreds of thousands of Caribbean homes.
The assets span solar, wind, and battery energy storage systems (BESS) across the Dominican Republic and Puerto Rico, markets where TotalEnergies is already a major LNG supplier.
“This partnership with AES accelerates our multi-energy strategy in a region where we have long-standing LNG ties,” said Stéphane Michel, TotalEnergies’ president of Gas, Renewables & Power. “It also supports our broader target of reaching 35 GW of gross renewable capacity by 2025.”
The Dominican portfolio includes over 1 GW of contracted renewables, with 410 megawatts (MW) already operational or under construction under long-term power purchase agreements. An additional 500 MW of solar and wind projects, integrated with battery storage to stabilize grid intermittency, are in advanced development.
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Total Energies
CDN
3 July 2025