The executive director of the National Energy Commission (CNE) Angel Canó, said that there is a large group of businessmen interested in taking part in the business of electricity generation from renewable sources in the Dominican Republic. He told Diario Libre reporters that he had investment inquiries that sum to “more than US 600 million.” He explained that more than US$620 million have already been invested in renewables including the investment by Montecristi Solar.
Canó said that on a daily basis he receives investors interested in carrying out projects because of the enormous potential of the Dominican Republic for renewable energy. The CNE director said that they have in place the regulations that provide fiscal incentives (including equipment for the facilities) that can account for up to 40% of the total required investment in alternative or renewable energy projects. Nevertheless, he pointed out the investments would be sustainable even without the incentives.
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Diario Libre
26 September 2018
