The president of the Dominican Republic, Luis Abinader, the superintendent of electricity, Rafael Velazco Espaillat, the general director of BAS Corporation, Emilio Martínez, and the general director of DOMINION, Roberto Tobillas, participated in the inauguration ceremony held yesterday.
From DOMINION, together with our associate BAS Corporation, we have been in charge of the development and start-up of the park with a contracted power of 50MW that will inject more than 130 million Kwh into the country's power network and will avoid the emission of more than 60,000 tons of CO2 per year. For the construction, which has had an investment of 93M USD, a total of 147,870 solar panels were used.
The project helps Dominican Republic to reach its goal until 2025, the year in which they expect 25% of the electricity consumed by the country to come from renewable energies, and has generated more than 500 direct jobs in the region.
This park comes after one of our major projects in the country: the construction of Mata de Palma in 2019, the largest park on the island to that date with a capacity of 65 MW and 200,694 solar panels distributed over an area of 75 hectares.
Our renewable energy business
DOMINION created its renewable energy area in 2016, the year in which we started our first project, the Kaixo Photovoltaic Solar Park in Mexico. Six years later, the company is one of the benchmark private energy generators in Latin America, with solar, wind and biomass energy projects in Argentina, Ecuador, Mexico and the Dominican Republic, as well as an important pipeline of projects in the region.
At the end of 2021, we announced the incorporation of Incus Capital as a minority partner in this area which with an investment of €50 has subscribed 23.4% of the business, and we are currently developing renewable projects in Europe.
