Why a Solar Project in Monte Plata?
Monte Plata was a curious province to start a giant solar farm. Mostly, the economy revolves around agriculture, specializing in sugar cane, corn, citric fruits, and cacao, among others. What then makes this region of the island prime for being home to the Dominican Republic’s largest solar project? Well, the Taiwanese company (GES) General Energy Solutions, a Soventix collaborator, already owned the property. While more sun hits the western region of the island next to the border of Haiti, Monte Plata has a centralized location on the island making the moderately sunny agricultural region a great home for the sixty-two soccer fields worth of solar panels.
The Dominican government accepted the Monte Plata Solar project since this large industrial undertaking doesn’t create any pollution or noise – unlike the many factories or mines that the Caribbean island is known for. Noted by the government for the projects’ conveniences, one main advantage is “The sun hardly hides in this country. Between 10 in the morning and 3 in the evening, the plant is at full capacity.” Plus the year-round climate of the country is predictable making a stable estimation of Monte Plata Solar production simple to calculate. As for the financing of the project, according to Alfonso Rodriguez who leads the project on behalf of Soventix, “Monte Plata Solar developed in a very particular way, because, during 2014 and 2015, neither local banks nor multilateral agencies wanted to finance a renewable energy project in the Dominican Republic.” It was GES that picked up the slack and loaned Soventix capital to begin the project.