Acciona to expand Dominican energy footprint with acquisition
Acciona to expand Dominican energy footprint with acquisition
The Dominican Republic’s power regulator SIE approved the transfer of EDP Energías Renovables Dominicana to Madrid-based Acciona Energía Global.
In 2022, the government and EDP signed a 25-year definitive concession for the 160MW Baní Solar project in Peravia province.
EDP is controlled by IBV Solar Spain, Energy Development Partners, Frank Allegre Epps III and Frank Le Roy Rouco.
The watchdog said EDP has 90 days to submit final transaction documents to SIE.
In December 2024, SIE granted EDP a one-year extension to complete Baní Solar due to interconnection difficulties.
A ribbon-cutting ceremony was held in recent days in the Caribbean nation to mark the start of operations at Acciona’s 163MW Cotoperí solar complex.
The Spanish group’s Dominican projects include the 83MW Pedro Corto and the 18.43MW Joya photovoltaic plants.
Energy storage
Also from the Dominican Republic, Empresa Generadora de Electricidad Itabo put into operation a battery energy storage system at its 260MW thermoelectric plant.
The US$8 million, 7.5MW project was developed in partnership with Fluence Energy.
(The original version of this content was written in English)
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.