Santo Domingo.- Dominican Republic could become the Caribbean’s biggest solar power (PV) market, according to the latest issue of trade publication Photon.
In August a contract for solar power was awarded to the Dominican Renewable Energy Business Group (Geder), for the purchase of 130 megawatts of electricity, which could multiply the current solar farms by more than 100 by 2013, the magazine says.
It said the country’s attractive policy and a high generation cost is attracting investments in that technology, but notes the recent change of government and a significant country-risk.
Geder’s 200KW facility in eastern Monte Plata is the first stage of a 30 megawatt complex, being built at a cost US$70 million, which will be the country’s biggest in 2013.
Although Photon notes that Geder isn’t known as an international photovoltaic plants operator and casts doubts on its ability to materialize the project, its 20-year contract calls for a price of 19.96 cents per kilowatt-hour.
A DT source said the area Geder chose to build the complex is “far from ideal” because it doesn’t have as many hours of sunlight as some other areas of the country, espeacily the Southwest and Northwest.