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.
Energy Finance & Investment News in Dominican Republic
Neo 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.
IFC, 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.
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has announced that its Colombia-based infrastructure fund, FINTRA, has acquired an indirect stake in Empresa Generadora de Electricidad Haina, S.A. (EGE Haina).
AES Corporation, through one of its subsidiaries, has entered into a strategic partnership with the Estrella-Linda Group, an investor group based in the Dominican Republic.