Larimar Wind Farm inaugurated
President Danilo Medina was in Barahona yesterday, Wednesday, 9 March 2016 for the inauguration of the Larimar Wind Farm, a US$120 million renewal energy project by EgeHaina. In his keynote speech, EgeHaina electricity company president Edgar Pichardo called on President Danilo Medina to reestablish the tax exemptions of Law 57-07 on Incentives for the Development of Renewal Sources of Energy and their Special Regimes, which were eliminated as part of the 2012 Fiscal Reform.
Pichardo said that the change in 2012 reduced the earnings of renewable energy projects, which require huge upfront investments. He added that the reduction in these incentives didn’t result in any additional income for the tax collectors. The businessman, who stressed the environmental benefits of renewable energy generation, asked the President to reconsider and to extend the benefits of the Renewable Energy Law far beyond 2020 instead as a way to encourage investments aimed at increasing electricity generation from these sources. He said that renewable energy was a worldwide need to bring about sustainable development and reduce the emissions that cause climate change.
EGE Haina general manager Marcelo Aicardi said the new park, together with the Los Cocos windpark (40 windmills and 86 MW in installed capacity), also operated by EgeHaina, will reduce carbon dioxide emissions by 300,000 tons a year and will mean savings of 700,000 barrels of petrol a year for the country.
The Larimar Windpark is located in the town of Enriquillo, in Barahona province. Its 15 wind turbines (Vestas v112) have an installed capacity of 49.5 megawatts. The park is a US$120 million investment. The 140m tall windmills have the capacity to generate 3.3 megawatts each. The Larimar Park’s annual output is 200,000 megawatts hour, which means the Dominican Republic has now doubled its wind-generating electricity capacity, now at 420,000 megawatts hour, becoming the leader in wind energy in the Caribbean.
March 10, 2016
Category: DR News |