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DR leads in Caribbean and Central America in renewable energy

The executive director of the National Energy Commission (CNE) Enrique Ramirez has announced that the Dominican Republic is the Caribbean and Central American country where the most investments have been made in renewable energy in 2012-2013. The investments are from companies based in the Netherlands, the United States, Spain, Germany, British Virgin Islands and Chile. He estimated that investment in renewable energy sources underway this year at more than US$150 million. Ramirez highlighted that the Dominican Republic ranks eighth in Latin America on the 2013 Climascope Score, only surpassed by Nicaragua in the Latin America and Caribbean region. The ranking measures countries for clean energy policy, power market structure, clean energy-rural electrification programs, renewable installed power capacity and renewable generation, biofuel production and production growth rate and price attractiveness. Climascope profiles the state of clean energy and climate-related business development in 26 countries in Latin America and the Caribbean.

Speaking at an international forum on renewable energy at the Dominican Republic Center for Export and Investments (CEI-RD), Ramirez said that in the past six years some US$700-US$800 million has been invested in renewable energy. The most outstanding of the projects are the wind farms in Pedernales and new ones underway in the area of Bani in the southwest and Luperon in Puerto Plata province on the north coast. He also mentioned a biomass project underway in San Pedro de Macoris to generate 75 megawatts.

Source: DR1, DiarioLibre

Category: DR News |

  1. Samson

    What a pity that we get daily cuts in electricity and of course no information.

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Last updated March 24, 2017 at 2:14 PM
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