Local investors Poseidon Energia Renovable, Inversiones Energia 3000 and Valoren SA have broken ground on what promises to be Dominican Republic’s second largest wind farm.
The 100 MW wind farm is located in the village of Guzmancito in the Luperon township in the northern part of Puerto Plata province.
The project’s first stage is slated to be completed in 12 months at a cost of $180m.
Jean Christophe Bestaux, director of Inversiones Energia 3000, confirmed the wind farm would create 200 direct jobs in Guzmancito.
He added that the government had agreed to buy electricity produced by the wind farm for approximately $170 per MW, which is 20 per cent less than the current market price of $190.
For more Renewables news.
For more Latin America news.