InterEnergy and Wholly Owned Subsidiary CEPM Reveal Their Commitment to Total Decarbonization by 2030 During the Clinton Global Initiative (CGI) 2022 Meeting in NYC
CEPM will be one of the first electricity companies in the world to achieve net zero emissions as part of its “CEPM Zero” initiative, by installing 500MW of new 100% renewable generators, thus decarbonizing its overall generation process.
New York, CEPM has begun to take the necessary steps to transform its overall generation to 100% renewable energy during this decade, more than doubling its capacity to more than 800 MW, incorporating solar, wind, pumped hydro and green hydrogen power into its current matrix. The transformation will require a one-billion- dollar overall investment. Through this initiative, named “CEPM Zero”, the company will become one of the first zero-emission and 100% renewable electricity companies in the world.
This is the company ́s “Commitment to Action,” as announced by Rolando González Bunster, president of InterEnergy Group, parent company of CEPM, during the Clinton Global Initiative (CGI) 2022 Meeting held in New York City. Mr. González Bunster is a member of the Initiative. It was in a similar event, held in 2005, when the president of the InterEnergy Group announced his commitment to promote renewable energy initiatives. Thus, was born the Quilvio Cabrera wind farm, the first energy project of its kind in the Dominican Republic, which produced 8.25MW of energy. The project was followed by the “Los Cocos 1 & 2 and Larimar,” wind farms– with 127MW, in the southwest province of Barahona. These projects are owned by EGE Haina.
In 2015, InterEnergy built the “Laudato Si” wind farm in Penonomé, Panama, the largest project of its kind in Central America and the Caribbean. Its installed capacity is 215MW. In 2016, the Raki and Huajache parks were built in Chile and, more recently, in 2021, in Uruguay the Maria Luz, Villa Rodríguez and Rosario wind farms were also built. In the Dominican Republic, in the same year, the “Matafongo” wind farm was completed in the southwest province of Baní, with an installed capacity of 34MW.
As part of the following commitment to promote the energy transition initiative, as announced in the city of Rio de Janeiro in 2013, the conversion to natural gas of the three 100MW units of the Energas plant, situated in the town of San Pedro de Macorís, Dominican Republic, was completed in 2020. In early 2022, InterEnergy began the construction of the largest power plant in Central America, “Generadora Gatún” – with a capacity of 670MW.
In alignment to the latter goals, Interenergy Group has added the promotion of electric mobility through its Evergo brand, which has become the largest and most sophisticated network of charging stations for electric vehicles in the region.
Chairman and CEO of Internergy Group Rolando González Bunster, explained: “Our goals have become a reality through actual facts. This is the way we have done it in all the markets where we operate, leading pioneering projects that have opened the path of the region toward cleaner energy generation. Now, with CEPM Zero, we close the virtuous circle of sustainability as a lifelong dream that will become a reality in the upcoming years.”
The “CEPM Zero” initiative aims to achieve carbon neutrality at CEPM, through the use of renewable energies such as wind and solar energy. Also, through the use of storage systems such as batteries and reservoirs, and the use of green hydrogen. With the combination of these technologies, the company ́s goal is to reach a 30% penetration of renewable energies in the CEPM matrix between 2024-2025; 60% between 2026-2028; and 100% by the end of the decade.
The generation of green hydrogen will be one of the main drivers of this initiative. It will make possible taking advantage of the existing thermal equipment currently in use, thus converting it in order to eliminate its carbon footprint. In addition, its use for other energy applications will be analyzed.
With this project we foresee a reduction of more than 574,000 tons of CO2 into the atmosphere, which is equal to putting an end to the consumption of 65 million gallons of gasoline, among other environmental benefits. Furthermore, this project will provide clean energy to more than 104,000 families in one year.
“Our goal is to lead the future of the energy sector through the permanent investment in pioneering projects that will lead to 100% renewable and low- emission generation throughout the Latin American region. As part of our DNA, innovation has marked our steps in our 30-year history, contributing to building a future marked by sustainability that is based on reliable, profitable and clean energy solutions”, concluded the executive.
Established in 2005 by President Bill Clinton, the Clinton Global Initiative brings together leaders from all over the world and across all sectors to inspire action on today’s most challenging issues. Since the launching of the program, more than 3700 Commitments to Action that have helped improve the lives of more than 435 million people in more than 180 countries.