Total Eren and Visolar Holding SA announced that they will develop, finance, build and operate a 100 MW photovoltaic (PV) project called “Villarpando”on the Azua Province.
The JMMB Closed Investment Fund for the Development of Sustainable Energy Companies and Grupo País also participate in the project as an investment vehicle.
The Villarpando project will be among the largest foreign investment in a solar project in the region. Once completed, it will produce some 200 GWh per year, enough to supply some 135,000 people in the Dominican Republic and save 125,000 tons of CO2 emissions per year.
Villarpando, with a total investment of some US$120 million, will support sustainable growth and contribute to local employment with close to 250 jobs.
