InterEnergy Group acquires Matafongo wind farm in the Dominican Republic
The investment surpasses $52,000,000, showing a clear commitment to clean energy production in this country.
Santo Domingo, Dom. Rep.- InterEnergy Group, an energy solutions provider with a presence in the Dominican Republic, Panama, Jamaica, and Chile, announced the acquisition of the Matafongo onshore wind farm, located in the southwest of the Dominican Republic. In partnership with Grupo Popular, the investment surpasses $52,000,000, showing a clear and decisive commitment to promote clean energy sources in the Dominican Republic.
The Matafongo onshore wind farm has an installed capacity of 34MW expandable to 50MW and generates approximately 104 GWh every year.
The carbon emission reduction from the project is estimated on an average of 30,000 tons of CO2 every year, according to the energy framework of the Dominican Republic, which comes from the calculation of the total emission of fossil fuels and biofuels.
Furthermore, as part of this project, InterEnergy Group also acquired multiple assets, currently in development: a 40MW photovoltaic solar project, and two additional wind farms of 50MW, in the north of the country.
“As InterEnergy Group, we have a strong commitment towards guaranteeing our clients the availability of 100% renewable energy, contributing to the Sustainable Development Goals(SDGs). Such commitment was expressly made at the Clinton Global Initiative meetings in New York in 2005 and Rio de Janeiro in 2013. In 2015 the company launched the SER Initiative in Panama where in the company provides large clients with guaranteed 100% renewable energy, (wind, solar and hydro)”, explains Rolando González Bunster, president of InterEnergy Group.
As a result of this commitment, InterEnergy built the first wind farm in the Dominican Republic (Quilvio Cabrera and Juancho Los Cocos), nine years ago. In 2015, InterEnergy built the largest wind farm in Central America and the Caribbean, called Laudato Si, in Penonomé, Panama, with an installed capacity of 215MW.
The group plans to continue to increase its investments in the region, by acquiring and developing 860MW of additional renewable generation capacity in Colombia, Panama, the Dominican Republic, Uruguay, Mexico, and Peru.