Sponsor protects concession for 50-MW solar project in Dominican Republic

• The Dominican Republic's energy payment CNE has actually authorized a contract that grants a definitive concession to renewables sponsor Energia Renovable BAS SRL to develop the 50-MW/73.2-MWp Washington Capital Solar Park 3.

The company will certainly invest USD 80 million (EUR 76.7 m) in the project, and also start building quickly, its supervisor Emilio Jose Martinez stated in CNE's news release on Thursday.

The giving in was given for a duration of 25 years, according to a document in CNE's archive.

The solar farm website lies in the district San Antonio de Guerra, San Cristobal province.

Energia Renovable BAS is an associate of California-based private equity fund Washington Capital Global Finance, which has existed in the Dominican market for over a decade.