DOMINION, a Spanish multinational, has sold six solar parks in the Dominican Republic for over $375 million to Pioneer Funds and JMMB Funds, advised by GP Capital Partners SRL. The assets, with a total capacity of 321 MW and long-term PPAs, generated $102 million in cash, of which $82 million is set for 2025. As part of the deal, DOMINION retained 20% ownership for the next three years.The deal marked DOMINION’s shift to working as a project developer for others, without keeping full ownership. It is part of its plan to reduce assets and focus on faster-growing areas. The company aims to use the money for work in environmental services, decarbonization, and circular economy projects within its energy and infrastructure business.