The Inter-American Development Bank (IDB) has approved two loans totaling $78.3 million to help build two wind farms in the Dominican Republic. Once completed, the renewable energy projects will combined provide 80.6 megawatts to the grid. The wind farms are being developed by private companies, and demonstrate the growing confidence in the Dominican energy sector. The Corporación Dominicana de Empresas Eléctricas Estatales (CDEEE) is one utility that will purchase the electricity produced from both wind farms through seperate 20-year power purchase agreements.
The first loan of $50.7 million was awarded to the Parques Eólicos del Caribe (PECASA) project, located in the southern province of Mote Cristi. The $127 million wind farm is under development by Gamesa, Grupo Delta Intur, Aquiles Mateo, and Miguel Ángel Muñiz. The project will consist of 25 Gamesa G90 turbines with a capacity of 2 megawatts each.
The second loan of $27.6 million was awarded to Grupo Eólico Dominicano, a company controlled by the Spanish group Inveravante. This $68.9 million project, located in Baní, part of the Peravia province, will be comprised of 17 Vestas V90 turbines, with a capacity of 1.8 megawatts each.
To support both projects, 138-kilovolt transmission lines will be constructed to connect the wind farms to the national grid. In addition, access roads will be built along with several new substations and control stations.