Dom Rep firm eyes 50-MW wind farm financing

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Netter Capital Partners

Dom Rep firm eyes 50-MW wind farm financing

A Dominican Republic-based company may get financing from the International Finance Corporation (IFC) towards its US$133-million ($12-billion) wind farm project in the Caribbean country.

Parques Eólicos del Caribe (PECASA) in November plans to start development on a 50-megawatt (MW) greenfield wind power plant in the northwestern part of the Dominican Republic (DR), near the town of Villa Vasquez in the province of Montecristi. The IFC said it is considering providing financing for up to US$32.5 million through an A Loan.

“Co-financing in the form of parallel long-term senior debt is expected to come from other international financial organisations, such as the Inter-American Development Bank (IDB),” the IFC said in a summary on its website.

The 15-month project is being pursued under a 20-year concession awarded by the DR’s national energy commission.

It includes the construction and operation of 25 two-MW Gamesa G97…

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