DOMINION has completed the sale of six solar parks in the Dominican Republic, totaling 321 MWp, for over $375m. Funds managed by Pioneer Funds and JMMB Funds, advised by GP Capital Partners, finalized the deal. The assets are backed by long-term PPAs, with a cash inflow of $102m expected, $82m in 2025.

The company divested 80% of its stake while retaining 20% until 2027. This move aligns with DOMINION’s vision to support IPPs and develop sustainable energy infrastructure. The sale marks a shift towards environmental services, decarbonisation, and the circular economy, reinforcing the commitment to renewable energy growth.

DOMINION’s strategy includes simplifying the portfolio and asset optimization to focus on new opportunities in sustainability. With operations in 35+ countries and 10,000 employees, the company supports sustainability through technology, engineering, and environmental solutions. The sale strengthens the company’s commitment to the global energy transition and collaboration for renewable energy expansion.

Read more at Yahoo Finance: DOMINION finalises $375m solar parks sale in Dominican Republic