PPAF‘s renewable energy seminars, held in the Dominican Republic in cooperation with the National Energy Commission (CNE) and others in 2009, emphasized the importance of Law 57-07 to make the D.R. a potential leader in the Caribbean in renewable energy, and to reduce reliance on fossil fuels.  Law 57-07 grants numerous incentives and tax exemptions to investors in renewable energy.

PPAF is very happy to learn that the Dominican Corporation of State Electrical Companies (CDEEE) recently signed its first contract, with Grupo Eolico Dominicano, to buy wind energy that will be carried by the Interconnected Electrical System (SENI). The system currently carries only energy from conventional sources.

The energy will come from Grupo Eolico Dominicano’s 34 mega watt wind park, which will join SENI in 2011. 

Speaking to the newspaper Dominican Today, Grupo Eolico Dominicano representative Wilfredo Gonzalez, who participated in PPAF’s 2009 seminars, called the deal “historic.” He said that the group will continue to make renewable energy investments in the Dominican Republic.

The power will be sold to the CDEE according to the price formula found in Law 57-07 on Incentives to the Development of Renewable Energy Sources and Special Regimes.

http://www.dominicantoday.com/dr/economy/2010/7/5/36209/Dominican-Republics-1st-wind-energy-park-to-operate-in-2011