Caribbean: TotalEnergies Expands its Partnership with AES from LNG to Renewable Energy
These transactions advance TotalEnergies' multi-energy strategy in a region where it is a key player in the liquefied natural gas (LNG) value chain.
Dominican Republic: TotalEnergies acquires 50% of AES renewables portfolio
AES' renewables portfolio includes over 1 GW of contracted wind, solar, and BESS projects, of which 410 MW is already operational or under construction, supplying electricity under long-term Power Purchase Agreements (PPAs). The portfolio also includes over 500 MW 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 MW solar plant under construction.
Puerto Rico: TotalEnergies already holds 30% of a portfolio of AES renewables
The AES' renewables portfolio includes 485 MW of contracted solar and BESS projects, comprising 200 MW of solar and 285 MW/1,140 MWh of BESS projects currently under construction.
After acquiring 30% of these assets in 2024, TotalEnergies is pursuing deployment of its multi-energy strategy on the island, where it is already active in the fuel, lubricants, and aviation sectors, and operates a network of 200 service stations between Puerto Rico and the island of St Thomas.
'We are pleased to expand our multi-energy strategy through this partnership with AES, focusing on renewables and battery storage in a region where TotalEnergies is already a leading supplier of LNG, notably for power generation. Since 2018, we have been supplying LNG to AES's subsidiaries in Panama and the Dominican Republic', said Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies. 'These new transactions will contribute to our targets of 35 GW of gross renewable capacity by 2025 and over 100 TWh of electricity production by 2030.'
'We are excited to join forces with TotalEnergies as we diversify the island's energy mix. The proceeds from this transaction will be reinvested in AES Dominicana, to grow our renewables footprint', said Juan Ignacio Rubiolo, AES Executive Vice President & President, Energy Infrastructure and Leader of International Markets.
TotalEnergies and electricity
TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. As of the end of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
@TotalEnergies TotalEnergies TotalEnergies TotalEnergies
Cautionary Note
The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
META, PINS, and SNAP Battle for Digital Turf in Epic Social Media Showdown
Having followed social media stocks for nearly a decade, I can say the current landscape is one of the most dynamic I've seen. In today's AI-driven environment, each company is navigating its own path. Meta Platforms (META), Pinterest (PINS), and Snap (SNAP) are competing in a rapidly evolving digital landscape, where success hinges on innovation, user engagement, and capturing a significant share of advertising spend. Here's a closer look at how each stock is positioned. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Meta Platforms (NASDAQ:META) | The AI-Fueled Victor Meta is gaining impressive momentum across its platforms. Its most recent earnings report delivered a standout quarter, with revenue rising 16% year-over-year to $42.3 billion and net income jumping 35% to $16.64 billion. Daily active users across Meta's family of apps hit a record 3.43 billion, up 6%, fueled by AI-driven ad targeting and content recommendations that are keeping users deeply engaged on Facebook, Instagram, and WhatsApp. Ad pricing remains strong as advertisers continue to see solid returns, helping sustain a steady flow of advertising dollars. More recently, Meta made a $14.8 billion investment for a 49% stake in Scale AI, valuing the startup at $29 billion, and hiring its CEO, Alexandr Wang, to lead a new AI lab. Moreover, recent reports that Meta is aggressively recruiting OpenAI employees with highly competitive compensation packages underscore just how serious Mark Zuckerberg and his team are about fast-tracking the company's AI ambitions. On top of that, the stock trades at a relatively modest 28x this year's consensus EPS —a figure I believe Wall Street is underestimating, especially in light of Meta's significant Q1 earnings beat. Based on current momentum, the true forward P/E may be closer to 22–23x earnings—a compelling valuation given the company's strong and consistent earnings growth. That's why Meta remains, by far, my largest holding. Is META a Buy, Hold, or Sell? Currently, most analysts are pretty bullish on META stock. The stock carries a Strong Buy consensus rating, based on 42 Buy, four Hold, and zero Sell ratings assigned over the past three months. META's average stock price target of $723.72 implies less than 1% upside over the next twelve months. Pinterest (NYSE:PINS) | A Scrappy Contender with Intangible Risk Pinterest takes a differentiated approach in the social media landscape, showing strength in specific areas while continuing to face challenges in others. In Q1, the platform reached a record 570 million monthly active users, reflecting a 10% year-over-year increase. Revenue increased 12% to $740 million, driven by AI-powered visual search and shoppable pins that enhance ad engagement. With $1.25 billion in cash on hand, Pinterest has the financial flexibility to continue innovating, particularly by improving its e-commerce capabilities to attract more advertisers. I remain broadly optimistic about its potential for ad spend growth and its disciplined cost management, which should support steady gains in both revenue and profitability over time. However, there are some caveats. Pinterest still trails peers in revenue per user, as larger platforms benefit from more substantial network effects and higher conversion rates. Additionally, economic uncertainty could lead advertisers to trim budgets, and smaller platforms like Pinterest are often the first to feel the impact. While Pinterest enjoys a loyal and engaged user base, monetizing its 570 million users without compromising its unique, creative identity remains a delicate balancing act. Is PINS Stock a Good Buy? Snap's (NYSE:SNAP) | Fighting a Losing Battle Snap is facing significant headwinds, and the numbers paint a challenging picture. In the most recent quarter, Snapchat reached 422 million daily active users; however, revenue grew only 5% to $1.19 billion, falling short of the pace set by competitors like Meta and Pinterest. Compounding the issue is Snap's elevated level of stock-based compensation, which accounts for roughly 19% of revenue and leads to ongoing shareholder dilution. Despite management's focus on positive free cash flow, that figure is essentially a byproduct of these high SBC levels, not improved operational efficiency. On a diluted basis, the company continues to erode shareholder value year after year. Supporters may point to Snap's efforts in augmented reality and interactive features as potential growth levers, but these initiatives have yet to have a material impact on the company's performance. Unlike Meta's leadership in AI or Pinterest's strategic shift in e-commerce, Snap's innovations haven't translated into meaningful revenue gains. In an increasingly competitive landscape, Snap is struggling to differentiate itself, and as a result, I remain unenthusiastic about its growth outlook. Is SNAP a Good Stock to Buy? Snap is currently covered by 31 Wall Street analysts, most of whom hold a neutral outlook. The stock carries a Hold consensus rating with six analysts assigning a Buy, 24 a Hold, and one Sell rating over the past three months. SNAP's average price target of $9.88 suggests about 6.5% upside potential over the next twelve months. Meta Leads, Pinterest Gambles, Snap Stumbles The social media landscape is a high-stakes battleground, and in my view, Meta stands out as the clear leader. With strong revenue growth, a dominant position in AI, and strategic investments like its stake in Scale AI, Meta remains a top pick for growth-oriented investors. Pinterest plays the role of the ambitious underdog. With 570 million users and a growing focus on e-commerce, it has potential—but it's a high-risk, high-reward proposition that requires flawless execution to succeed. Snap, on the other hand, appears to be losing momentum. Sluggish growth, intense competition, and ongoing shareholder dilution suggest management isn't prioritizing long-term value for investors. For now, Meta is the stock to own, Pinterest may appeal to those with a higher risk tolerance, and Snap looks best suited for short-term speculative trading rather than long-term conviction.
Yahoo
an hour ago
- Yahoo
Solventum Amends Thermo Fisher Deal, Retains Water Filtration Business
Solventum Corporation (NYSE:SOLV) is one of the best new stocks to buy now. On June 25, Solventum announced an amendment to its transaction agreement with Thermo Fisher Scientific Inc. (NYSE:TMO). The revised agreement now excludes Solventum's drinking water filtration business from the assets being acquired by Thermo Fisher. Consequently, the cash consideration for the acquisition has been adjusted from ~$4.1 billion to $4 billion. The net proceeds from this sale are intended for debt reduction. This amendment is expected to streamline the transaction and accelerate its closure, which is still expected by the end of this year. Under the new terms, Thermo Fisher will be entitled to a payment of up to $75 million from Solventum. Keeping the Water Business is projected to increase Solventum's annual EPS gain by $0.15 to $0.2. A healthcare professional wearing a health communications device discussing patient data with a colleague. The terms of the amended agreement remain largely consistent with the initial agreement, with modifications specifically reflecting the exclusion of the Water Business. These adjustments include changes to non-compete clauses and related provisions, as well as certain reverse services, manufacturing, and supply agreements that will now support the retained Water Business. Solventum Corporation (NYSE:SOLV) is a healthcare company that develops, manufactures, and commercializes a portfolio of solutions to address customer and patient needs internationally. Thermo Fisher Scientific Inc. (NYSE:TMO) provides life sciences solutions, analytical instruments, specialty diagnostics, laboratory products, and biopharma services internationally. While we acknowledge the potential of SOLV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Upturn
2 hours ago
- Business Upturn
Grupo Aeroportuario Del Pacifico Presents The Sustainability Report 2024
By GlobeNewswire Published on July 5, 2025, 06:17 IST GUADALAJARA and JALISCO, Mexico, July 04, 2025 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ('the Company' or 'GAP') announces the release of its 2024 Sustainability Report, which outlines key environmental, social, and corporate governance (ESG) results across its airport network. The report covers the period from January 1 to December 31, 2024, and has been prepared in accordance with the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) framework. As an initial step, we have also considered the International Financial Reporting Standards (IFRS) S1 and S2, issued by the International Sustainability Standards Board (ISSB) , which set the requirements for disclosing sustainability and climate-related financial information. The full report is available at GAP's website at under the 'Investors' section. Company Description Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol 'PAC' and on the Mexican Stock Exchange under the ticker symbol 'GAP'. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words 'anticipates', 'believes', 'estimates', 'expects', 'plans' and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the 'Ley del Mercado de Valores', GAP has implemented a 'whistleblower' program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is or by email at [email protected]. GAP's Audit Committee will be notified of all complaints for immediate investigation. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
