{"id":6131,"date":"2018-07-05T11:36:52","date_gmt":"2018-07-05T16:36:52","guid":{"rendered":"http:\/\/projectcalls.com\/?p=6131"},"modified":"2018-07-05T10:49:23","modified_gmt":"2018-07-05T15:49:23","slug":"domrep-solar-wind-opportunities-take-shape","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/domrep-solar-wind-opportunities-take-shape\/","title":{"rendered":"DomRep solar, wind opportunities take shape"},"content":{"rendered":"<p><em><strong>Two energy projects in the Caribbean island pen funding agreements, underscoring appetite for renewable power sources<\/strong><\/em><\/p>\n<p>Two renewable energy project developers in the Dominican Republic advanced financing plans this week, securing debt for solar and wind-powered projects on the Caribbean island.<\/p>\n<p>Taiwanese General Energy Solutions, or GES, secured $38m in 15-year debt from development banks DEG and FMO, according to a source familiar with the project.<\/p>\n<p>Proceeds the German and Dutch development agencies will be on-lent to the renewable power developer\u2019s local subsidiary Electronic JRC, which will use proceeds to increase capacity of the Monte Plata solar plant to 69 MW from 30 MW.<\/p>\n<p>The original 30 MW was commissioned back in September 2016.<\/p>\n<p>Monte Plata comes with a 20-year power purchase agreement (PPA) with the Dominican Republic\u2019s state-backed\u00a0Corporacion Dominicana de Empresas Electricas Estatales (CDEEE). Power will be injected into the Sistema Electrico Nacional Interconectado (SENI) grid.<\/p>\n<p>Roughly $53m will go towards the total expansion of the plant, according to the same source, and once Monte Plata is operational, it will serve as the largest solar photovoltaic project in the Caribbean.<\/p>\n<p>German engineer Soventix, through its regional subsidiary Soventix Caribbean, is the engineering, procurement and construction (EPC) services contractor, while Jimenez Cruz Pe\u00f1a\u00a0was legal advisor to GES.<\/p>\n<p>Meanwhile, in the island\u2019s Monte Cristi province,\u00a0IC Power DR Operations, the Dominican subsidiary of Inkia Energy, netted a 4.5-year $73.5m loan from Citi.<\/p>\n<p>Bermuda-based unit Inkia Americas Ltd. is\u00a0guaranteeing the facility, which will\u00a0go towards developing the 50 MW Agua Clara wind farm,\u00a0a source close to this transaction said.<\/p>\n<p>Agua Clara has a 20-year\u00a0PPA with CDEEE and includes a clause to increase the plant\u2019s capacity to 200 MW in later development phases. The first phase of the project costs about\u00a0$87m and commercial operations are slated to start in May 2019.<\/p>\n<p>Sister companies Siemens Gamesa Renewable Energy and Gamesa Dominicana are providing\u00a0EPC services for the project.<\/p>\n<p>Jimenez Cruz Pe\u00f1a was legal advisor to Citi on Dominican law, while Milbank provided counsel to the bank on US law.\u00a0Squire Patton Boggs\u00a0acted as local counsel to IC Power DR Operations and Inkia Americas Ltd. and White & Case lent US counsel.<\/p>\n<p>New York private equity firm I Squared Capital\u00a0<a href=\"https:\/\/www.latinfinance.com\/daily-briefs\/2017\/11\/28\/kenon-offloads-inkia-energy\">bought<\/a>\u00a0Inkia Energy from Singapore-domiciled Kenon Holdings for $1.17bn last November. Based out of Peru, Inkia Energy owns and develops conventional and renewable power generation facilities across Latin America.<\/p>\n<p style=\"text-align: right;\">(<a href=\"https:\/\/www.latinfinance.com\/web-articles\/2018\/5\/domrep-solar-wind-opportunities-take-shape\" target=\"_blank\" rel=\"noopener\">Source<\/a>)<\/p>\n<p>\u00a0<\/p>\n<p><em>Image:\u00a0 \u00a0Pixabay (<a href=\"https:\/\/www.pexels.com\/\" target=\"_blank\" rel=\"noopener\">Pexels<\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two energy projects in the Caribbean island pen funding agreements, underscoring appetite for renewable power sources Two renewable energy project developers in the Dominican Republic advanced financing plans this week,&#8230;<\/p>\n","protected":false},"author":19,"featured_media":6143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[112],"tags":[236,217,185],"class_list":["post-6131","post","type-post","status-publish","format-standard","has-post-thumbnail","category-newsdevelopments","tag-dominican-republic","tag-electricity","tag-infrastructure"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/07\/Solar-panels-wind-mill-energy-electricity-Pixabay-Pexels.jpeg?fit=1024%2C682&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-1AT","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":35773,"url":"https:\/\/projectcalls.com\/dev\/consortium-lands-dominican-republic-solar-plant-contract\/","url_meta":{"origin":6131,"position":0},"title":"Consortium lands Dominican Republic solar plant contract","author":"Mayra Bonilla Lopez","date":"August 15, 2024","format":false,"excerpt":"Dominican Republic Dominican Republic state hydroelectric company Egehid\u2019s push to add non-conventional renewable energies has advanced with a solar project award. Documents seen by BNamericas show that Consorcio Solar del Sur (Consosur) was selected for the engineering, procurement and construction of the 22MW Domingo Rodr\u00edguez park in San Juan province.\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Business-Office-Contract-Agreement-Deal-rawpixel-Pixabay.jpg?fit=1024%2C682&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Business-Office-Contract-Agreement-Deal-rawpixel-Pixabay.jpg?fit=1024%2C682&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Business-Office-Contract-Agreement-Deal-rawpixel-Pixabay.jpg?fit=1024%2C682&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Business-Office-Contract-Agreement-Deal-rawpixel-Pixabay.jpg?fit=1024%2C682&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":32023,"url":"https:\/\/projectcalls.com\/dev\/jamaican-utility-launches-solar-plus-storage-wind-project-tender\/","url_meta":{"origin":6131,"position":1},"title":"Jamaican utility launches solar-plus-storage, wind project tender","author":"Mayra Bonilla Lopez","date":"January 11, 2024","format":false,"excerpt":"Jamaica Jamaica Public Service Company Limited (JPS) is inviting applications for engineering, procurement and construction services of a 115 MW utility-scale solar plant, 171.5 MWh battery energy storage system and 12 MW wind plant at unspecified locations at unspecified locations in the Caribbean country. Last week the country\u2019s state-owned utility\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/04\/pexels-hoan-ngo%CC%A3c-6961112-scaled-e1675363854180.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/04\/pexels-hoan-ngo%CC%A3c-6961112-scaled-e1675363854180.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/04\/pexels-hoan-ngo%CC%A3c-6961112-scaled-e1675363854180.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/04\/pexels-hoan-ngo%CC%A3c-6961112-scaled-e1675363854180.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":19368,"url":"https:\/\/projectcalls.com\/dev\/ofreg-to-auction-green-energy-projects\/","url_meta":{"origin":6131,"position":2},"title":"OfReg to auction green energy projects","author":"Mayra Bonilla Lopez","date":"November 18, 2021","format":false,"excerpt":"Cayman Island (CNS): The utilities regulator has come up with a plan to enable potential energy producers to bid against each other to supply renewable energy through long-term contracts at the lowest possible price, officials have said. OfReg, which has been given responsibility for regulating the rollout of green energy,\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/11\/pexels-pixabay-159397-e1637173445847.jpg?fit=1200%2C708&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/11\/pexels-pixabay-159397-e1637173445847.jpg?fit=1200%2C708&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/11\/pexels-pixabay-159397-e1637173445847.jpg?fit=1200%2C708&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/11\/pexels-pixabay-159397-e1637173445847.jpg?fit=1200%2C708&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/11\/pexels-pixabay-159397-e1637173445847.jpg?fit=1200%2C708&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":29502,"url":"https:\/\/projectcalls.com\/dev\/cayman-has-room-for-full-rollout-of-renewables\/","url_meta":{"origin":6131,"position":3},"title":"Cayman has room for full rollout of renewables","author":"Mayra Bonilla Lopez","date":"August 17, 2023","format":false,"excerpt":"Cayman Islands The suggestion that Cayman doesn\u2019t have room to accommodate enough solar panels or wind turbines to generate all of its power from renewables has been debunked in the government\u2019s new draft\u00a0National Energy Policy. The revised policy, which is even more ambitious than\u00a0the last one, has a target of\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/04\/pexels-hoan-ngo%CC%A3c-6961112-scaled-e1675363854180.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/04\/pexels-hoan-ngo%CC%A3c-6961112-scaled-e1675363854180.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/04\/pexels-hoan-ngo%CC%A3c-6961112-scaled-e1675363854180.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/04\/pexels-hoan-ngo%CC%A3c-6961112-scaled-e1675363854180.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29718,"url":"https:\/\/projectcalls.com\/dev\/cayman-has-room-for-full-rollout-of-renewables-2\/","url_meta":{"origin":6131,"position":4},"title":"Cayman has room for full rollout of renewables","author":"Mayra Bonilla Lopez","date":"August 31, 2023","format":false,"excerpt":"Cayman Islands (CNS): The suggestion that Cayman doesn\u2019t have room to accommodate enough solar panels or wind turbines to generate all of its power from renewables has been debunked in the government\u2019s new draft\u00a0National Energy Policy. The revised policy, which is even more ambitious than\u00a0the last one, has a target\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2023\/08\/pexels-julia-m-cameron-4145190-scaled-e1693536815351.jpg?fit=1025%2C684&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2023\/08\/pexels-julia-m-cameron-4145190-scaled-e1693536815351.jpg?fit=1025%2C684&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2023\/08\/pexels-julia-m-cameron-4145190-scaled-e1693536815351.jpg?fit=1025%2C684&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2023\/08\/pexels-julia-m-cameron-4145190-scaled-e1693536815351.jpg?fit=1025%2C684&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/6131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/comments?post=6131"}],"version-history":[{"count":2,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/6131\/revisions"}],"predecessor-version":[{"id":6144,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/6131\/revisions\/6144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media\/6143"}],"wp:attachment":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media?parent=6131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/categories?post=6131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/tags?post=6131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}