The Dominican Republic’s power generation park will experience “remarkable growth” in solar plants, according to grid coordinator OC.
In its preliminary long-term operation report for 2022-2025, OC highlights that the renewable energy source could represent 34-53% of new installed capacity.
In September, photovoltaic power plants accounted for 6.57% of the country’s installed capacity.
For recent developments in this regard, please click on the following links:
CNE and Tropigas Dominicana sign contract
CNE and Energy Solar del Este sign definitive concession
Solar project developers obtain concessions in Dominican Republic
Dominican Republic’s Vice-President and Energy Minister inaugurate photovoltaic park
Inkia expands Dominican Republic portfolio with a new solar concession
BNamericas’ Project Profiles feature 40 solar projects in early stage or under construction in the Caribbean nation.
Over the four-year period, natural gas would account for 36-57% of new installed capacity; wind power, 5-6%; and biomass, municipal solid waste and LPG, the remainder.
In terms of generation, natural gas is expected to account for 33-48.6%; coal, 26-35%; hydropower, 4.8-15.5%; wind, 5.0-6.4%; solar, 2.7-12.7%; oil, 3.3-5.3%; and biomass and LPG, the remainder.
Meanwhile, demand in 2022 would increase by 4.2% and by 3.3% annually between 2023 and 2025, adds the report, available here.