EDITOR’S NOTE: At the beginning of this month, #infrastruCaribe began its series on utility infrastructure in the Caribbean. In our last edition [2021-06-18], we featured plans for renewable energy infrastructure, as we continued our series on utilities. In this newsletter, we feature financing of renewable energy infrastructure, as we continue to look at renewable energy,
Our headline, taken from the Dominican Today, reads: “US Gov. Earmarks US$4B for DR Energy Sector”. The U.S. government has negotiated a private investment program of US$4.0 billion to be invested over the next four years to develop generating capacity in the Dominican Republic sufficient for itself, and to export mainly to Haiti but also other Caribbean countries.
AES Dominicana has successfully placed a 300 million dollar bond at an interest rate of 5.70% per year on the international market. The placement matures in 2028. But, Haina Electricity Generating Company is the first company to have established a trust for issuing fixed income securities on environmental prospects — “green bonds” — for US$100 million
Otherwise, MPC Caribbean Clean Energy Limited has bought a 33.4 megawatt (MW) solar park at Monte Plata in the Dominican Republic. Finally in Haiti, a French firm — Akuo Energy — has been selected by its Ministry of the Economy and Finance to design, install and operate two solar plants of photovoltaic panels with storage systems.