DOMINION has finalized a major strategic transaction with the sale of six solar parks in the Dominican Republic for a value exceeding $375 million. The deal, signed with funds managed by Pioneer Funds and JMMB Funds and advised by GP Capital Partners SRL, solidifies the company’s new approach as a developer of sustainable energy infrastructure without majority ownership.
With a combined capacity of 321 MWp and long-term PPA contracts already in place, the sold assets represent a significant milestone in DOMINION’s renewable portfolio in the region. The transaction will generate a cash inflow of $102 million, of which $82 million will be received in 2025.
A business model focused on renewable energy development for third parties
This divestment is part of DOMINION’s strategic plan to position itself as a turnkey project enabler for Independent Power Producers (IPPs). The company is focused on the design, execution, and delivery of solar and energy transition projects, without maintaining majority ownership over the long term.
As part of the transaction, DOMINION sold 80% of its ownership in the solar parks, while retaining the remaining 20% for the next three years, in order to consolidate its relationship with the new partners and continue contributing to future project development in the country.
A commitment to efficiency, sustainability, and strategic focus
The sale marks a new milestone in the company’s portfolio simplification and asset optimization strategy, allowing DOMINION to allocate resources to new opportunities in environmental services, decarbonization, and circular economy (GDE).
The transaction further reinforces DOMINION’s commitment to the global energy transition, supporting the deployment of renewable energy through efficient and collaborative structures.
With presence in more than 35 countries and over 10,000 professionals on its team, DOMINION continues to lead the transformation of key industries toward more sustainable, efficient, and connected models, through innovative solutions that combine technology, engineering, and environmental commitment.
