TotalEnergies has expanded its long-standing partnership with AES through the acquisition of a 50 percent stake in AES Dominicana Renewables Energy’s solar, wind and battery energy storage portfolio in the Dominican Republic.
AES’s renewables portfolio includes more than 1 gigawatt of contracted wind, solar and BESS projects, of which 410 megawatts are already operational or under construction and are supplying electricity under long-term power-purchase agreements (PPAs). The portfolio also includes more than 500 megawatts of solar and wind capacity in development alongside BESS projects, which will be integrated into solar plants to mitigate intermittency and enhance grid stability.
This acquisition will allow TotalEnergies to expand its renewables business in the Dominican Republic, where the company already has a partially solarized network of 184 service stations, natural gas distribution and a 103-megawatt solar plant under construction.
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