AES raises US$368 million for Dominican Republic renewable projects


The Monte Plata solar project in the Dominican Republic. Image: Soventix

AES Dominicana has raised US$368 million in a loan facility that will be used to finance renewable energy projects in the Dominican Republic.

The company, the local arm of energy giant AES, will build three new projects, Mirasol, Peravia I and Peravia II, which will have a combined capacity of 240MWac, which AES expects to commission by the end of next year. Part of the funding will go towards refinancing the debt accrued by a portfolio of one wind project and two solar projects in the country, with a combined capacity of 150MWac.

(The above content is reproduced from pv-tech,By JP Casey)

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