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  HOME | Caribbean

Dominican Republic Inaugurates Its 1st Solar Energy Plant

SANTO DOMINGO – President Danilo Medina on Tuesday inaugurated the Dominican Republic’s first solar power plant, a $110 million facility in the eastern town of Monte Plata.

The plant was built by the Taiwanese firm General Energy Solutions.

At the inauguration ceremony, Jean A. Rodriguez, the executive director of the Dominican Republic’s Export and Investment Center, said that it is “evident with this significant investment that practically ... the entire world has its eye fixed on the Dominican Republic as an investment destination.”

The plant will create 300 direct jobs and 1,000 indirect ones and is Taiwan’s biggest investment in the Caribbean country.

“We’re adding so much value to the Dominican Republic as a destination for investment that investors ... are crossing the globe ... to invest here,” Rodriguez said.

On the other hand, he said that the country is among the 10 top countries in Latin America for foreign investment in renewable energy and is the No. 1 country in the Caribbean.

“Here, all good things have converged for the alternative energy sector, including solar, wind and hydraulic energy,” he emphasized.

Meanwhile, General Electric Solutions president Quincy Lin said that the plant’s construction has been a “great opportunity” for Taiwan and “brings prosperity to our people.”

 

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