Clifford Chance advises TotalEnergies on acquisition of 50% stake in AES Renewables

Clifford Chance has represented TotalEnergies on the expansion of its strategic partnership with AES in the Caribbean through the acquisition of a 50% stake in AES Dominicana Renewables Energy, which includes a portfolio of solar, wind, and battery energy storage systems.

The transaction supports TotalEnergies’ multi-energy strategy in a region where the company is already an active supplier of liquefied natural gas (LNG), particularly for power generation. With this acquisition, TotalEnergies’ combined portfolio in the Caribbean now totals 1.5 GW, expected to generate approximately 2.5 TWh of renewable electricity annually.

Thais Garcia (pictured) was the lead partner on the transaction and was supported by counsel Joshua Bernard and associate Emely Luna. The team was multi-disciplinary, involving professionals from New York, Madrid, Washington, DC; Amsterdam, and Paris.