DR1 Daily News - Dominican Republic

The Dominican Republic is experiencing an unprecedented surge in investment in its energy sector, attracting substantial foreign and local capital, particularly in renewable energies. A staggering 24 new power generation plants or parks are currently under construction across the nation, representing a major investment of US$3.38 billion, Diario Libre reports.

From 2022 to 2024, the energy sector emerged as the second-largest recipient of foreign direct investment (FDI) in the Dominican economy, trailing only tourism. However, in the first quarter of 2025, the energy sector remarkably surpassed tourism, claiming the top spot as the primary generator of FDI for the country.

This influx of foreign investment has propelled the construction of these 24 new facilities, which boast a combined concessioned capacity of nearly 2,300 megawatts. While foreign capital accounts...