After years of inertia, the utility scale clean energy market has taken off and a number of high profile wind and solar projects have been financed and constructed. The nationally mandated goal of 25% clean energy by 2020 is within reach.
In 2018, the Ministry of Energy & Mines announced that the next phase of renewable concessions would be awarded as part of a bid process. Market observers expect the bid to be launched in Q3 or 4 of 2019.
Meanwhile, the market for solar and storage among C&I customers is growing and has huge potential.
Natural gas is carving out a significant portion of the grid. Most recently, plans for a 145 MW combined cycle floating power plant have been announced. The project also incorporates a significant energy storage component.
E-Mobility is in the headlines, too. A joint venture between leading firms was recently announced to develop EV charging infrastructure throughout the Dominican Republic.
DR-GRID will gather key public and private sector entities from the Dominican Republic to lay out the challenges and the opportunities.
The Association for the Promotion of Renewable Energies (ASOFER) was born out of the need for a united voice that represents and defends renewable energies in the Dominican Republic. ASOFER serves as a platform for the discussion and resolution of issues that impact the development of renewable energy in the Dominican Republic. The organization works hand in hand with government institutions, electricity distributors and companies in order to ensure consensus, progress and the creation of an industry in which society as a whole can identify.