February 25 (Renewables Now) - US renewable energy company WCG Energy Ltd, together with local officials, held a ceremony for the start of the construction of a 50-MW solar photovoltaic (PV) plant in the Dominican Republic.
Named Washington Capital Energy, the PV facility is located in Mata de Palma, municipality of Guerra, according to local media reports published over the weekend.
With an investment of USD 78 million (EUR 68.8m), from local, US and Spanish investors, Washington Capital is expected to generate around 110 million kWh per year, enough power to meet the annual demand of more than 80,000 inhabitants.
Emilio Martinez, representative of Spain's Bas Projects Corporation, the firm in charge of the development of the project, was quoted by local media as saying that the country has developed an energy policy that adapts to the new times.
(USD 1 = EUR 0.88)