Clifford Chance advises TotalEnergies on the acquisition of 50% of AES Renewable’s portfolio
Clifford Chance has advised TotalEnergies on the expansion of its strategic partnership with AES in the Caribbean through the acquisition of a 50% stake in the solar, wind and battery energy storage systems portfolio of AES Dominicana Renewables Energy.
This transaction supports TotalEnergies’ multi-energy strategy in a region where it is already a supplier of liquefied natural gas, particularly for power generation.
Also, the acquisition brings TotalEnergies’ combined portfolio in the region to 1.5 GW, expected to generate 2.5 TWh per year of renewable electricity.
Lead partner Thais Garcia was supported by counsel Joshua Bernard. Associate Emely Luna was also involved. The multi-disciplinary, multi-jurisdictional team included corporate (M&A) associates Pablo Hernandez, Jimena Garrote, and Jose Jordana de Pozas (Madrid). Esmée Zuidema-Oldenkamp (Amsterdam) and foreign law clerk Franca Stafforini (New York) also contributed on the corporate side. Finance counsel Alberto Haito was involved from Washington, DC. Antitrust matters were handled by partner Katrin Schallenberg and associate Salome Haddou (Paris).
