• The President of the Republic, Luis Abinader Corona, presented the award to the company, which is investing $289 million in the country.
• The Dominican Republic is currently one of Ecoener’s key markets, with two power plants in operation and three under construction that will total 279MW of installed capacity.
• Fernando Rodríguez, Ecoener’s Deputy Chairman, stated that “the economy of the Dominican Republic is experiencing a sustained and consistent growth. Ecoener wants to contribute to this progress by investing and growing our company solidly, as the country is doing”.
Santo Domingo, 19 July 2024.- Ecoener received the highest “Recognition to Foreign Direct Investment in the Dominican Republic”, awarded in its 2024 edition.
The honour, granted by ProDominicana (Export and Investment Centre of the Dominican Republic), rewards the business trajectory and contribution of the company headed by Luis de Valdivia for its commitment to expand its operations and contribute positively to the economic and social development of the country. In the event, Ecoener’s contribution to the energy sovereignty of the country and the fight against climate change was highlighted.
The President of the Dominican Republic, Luis Abinader Corona, presented the award to Ecoener’s Deputy Chairman, Fernando Rodríguez Alfonso.
The Dominican Republic has experienced a noticeable growth and become a benchmark economy in Latin America. In recent years, its GDP has grown by around 5% on average per year, as highlighted in a recent study by the International Monetary Fund (IMF).
Rodríguez Alfonso expressed his gratitude for this award and stated that “the economy of the Dominican Republic is experiencing a sustained and consistent growth. Ecoener wants to contribute to this progress by investing and growing our company solidly, as the country is doing”.
The event was also attended by the Minister of Industry, Commerce and Mypimes, Víctor Bizonó; the Minister of the Presidency, Joel Santos; the Executive Director of ProDominicana, Biviana Riveiro, and the Spanish Ambassador to the Dominican Republic, Antonio Pérez-Hernández y Torra, among other authorities.
An investment of $289 million
At the moment, Ecoener’s investment plan in the Dominical Republic amounts to $289 million for the commissioning of 5 photovoltaic plants that will provide the company with 279 MW of installed power.
Two of those, Cumayasa 1 and 2 (97 MW), have been in operation since last November. The facilities produce a volume of energy equivalent to the annual consumption of 48,000 households and prevent the annual emission of 140,000 tonnes of CO2 into the atmosphere and the consumption of 17,000 tonnes of fossil fuels.
Ecoener generated 300 jobs in their construction and the installation of the panels was mostly carried out by women, who were trained and employed specifically for this purpose.
Cumayasa 1 and 2 received a $100 million investment and incorporate a novel agrivoltaics concept, combining solar energy production with grazing in order to involve and favour the symbiosis between the local society and the company, as well as to bring together food and energy safety in a balanced and environmentally friendly way.
Three new assets under construction
Apart from the facilities in operation, Ecoener is building three more photovoltaic power stations in the Dominican Republic.
On the one hand, Cumayasa 4 (62 MW), in the province of La Romana, in which the company is investing over $63 million; on the other hand, the power stations Payita 1 and 2 (60 MW each), in the north of the country, in which Ecoener is making a joint investment of $126 million.
These three Ecoener assets will have a combined annual production capacity equivalent to the consumption of 93,000 households, will prevent the consumption of 34,000 tonnes of fossil fuels and the emission of around 200,000 tonnes of CO2 into the atmosphere.
Fernando Rodríguez con el embajador de España en RD, Antonio Pérez-Hernández y Torra:
