May 9, 2018 |
Taiwan's General Energy Solutions (GES) has secured a 15-year $38m project loan for a Dominican solar PV facility from development banks DEG and FMO, a source close to the deal has said.
The renewable power developer's local subsidiary, Electronic JRC, will use proceeds to increase capacity of the Monte Plata solar plant to 69 MW from 30 MW commissioned in September 2016.
Monte Plata comes with a 20-year power purchase agreement with state-owned Corporacion Dominicana de Empresas Electricas Esta
Renewable energy company will use the 15-year funding for what will be the Caribbean's largest solar PV plant