- The Dominican Republic is looking at investment of $779.8 million to develop 361.2 MW of renewable energy capacity
- It plans development of three solar power plants and five wind power plants
- Total investment on this renewable energy capacity will be $779.8 million
- A 57.96 MW Montecristi Solar plant is planned to be set up in Guayubin with $100 million investment by Montecristi Solar FV
- A 50 MW WCG park to be developed by WVG Energy Ltd at mata de Palma
- Another 25 MW Canoa Solar plant targeted with investment of $40 million at Barahona
Latin American island Dominican Republic is looking at investment of $779.8 million to develop 361.2 MW of renewable energy capacity. This will come from three solar and five wind power generation farms. The share of solar is 132.96 MW.
The Caribbean nation already has a wind and solar power capacity of 194.95 MW and operates 26 micro-hydroelectric plants. When the 361.2 MW comes online, the total capacity will go up to 556.21 MW.
The three PV parks being planned are:
- 57.96 MW Montecristi Solar Park in Guayubin. Montecristi Solar FV, SAS will be investing $100 million for this park.
- 50 MW WCG park is planned for Mata de Palma in San Antonio de Guerra. This one will be being developed by WVG Energy Ltd for an investment of $110 million.
- The third PV park is 25 MW Canoa Solar in Barahona wherein Emerald Solar Energy will invest $40 million.
All PV plants are expected to start commercial operations in 2018.
Announcement for the projects was made at the launch of Renewable Energy Projects Support Plan by Rubén Jiménez Bichara, executive vice president of the Dominican Corporation of State Electric Companies (CDEEE)