January 23 (Renewables Now) - German F&S Solar Concept GmbH will build two solar parks with a combined capacity of 222 MW in the Dominican Republic, the local government said on Friday.
The investment was given publicity by F&S Caribe Holding director, Duran Alabi, at a meeting between F&S representatives and Dominican Republic president Danilo Medina. According to Alabi, the total investment in both schemes will come in at USD 225 million (EUR 238.3m).
The photovoltaic (PV) projects will be located in the provinces of Monte Cristi and Azua, with an installed capacity of 107-MW and 115-MW, respectively.
These renewable energy projects will help the country fulfill its commitments of reducing greenhouse gas emissions, the government noted.
Last year, the International Renewable Energy Agency (IRENA) said that the Dominican Republic has the potential to increase the renewables share in its energy mix from 9% to 27% by 2030.
(USD 1 = EUR 0.935)