Total Eren has launched the construction of the 100 MW (AC) Villarpando solar photovoltaic (PV) project in Azua province, Dominican Republic. The company owns 51% ownership of the solar farm whereas Visolar Holding SA andits partner own the other 49%.
Total Eren will be responsible for the development, financing, building and operation of the solar project. The project has the capacity to generate about 200 GWh per year, enough to supply about 135,000 people in the Dominican Republic while saving 125,000 tonnes of CO2 emissions per year.
The solar farm will require an estimated US$120 million investment. Edesur Dominicana SA has signed a 15-year Power Purchase Agreement (PPA) for the supply of power generated by the solar facility.
The Dominican Republic's Minister of Energy and Mines has announced that it is changing the way that renewable projects are developed in the country. Instead of awarding PPAs to projects proposed by developers, the Ministry will tender concession contracts for projects that it has designed.
Read moreNeo Solar Power Corporation (NSP) has announced that its subsidiary, General Energy Solutions Inc. (GES), has secured a 16-year US$38 million long-term financing from the Netherlands' Development Finance Company (FMO) and the German Investment and Development Corporation (DEG) for a solar project in the Dominican Republic.
Read moreIFC, a member of the World Bank Group, with support from the Government of Canada, has completed an US$80 million financing package for the construction and operation of a new, grid-connected, 50 MW wind farm in the Dominican Republic.
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