Economy March 11, 2022 | 10:34 am

Renewable power the only way, official warns

Santo Domingo.- The Minister of Energy and Mines, Antonio Almonte, affirmed that the only way that the Dominican Republic has to counteract the fuel crisis in the international market is by stimulating and promoting the production of renewable energies.

Almonte headed, together with the Vice President of the EDE Unified Council, Andrés Astacio, the signing of three agreements for the purchase and sale of renewable energies, for the injection of 128 more megawatts of clean energy at a cost of more than 197 million dollars.

The investors highlighted the levels of transparency and speed with which these contracts for the purchase and sale of renewable energy in projects to be installed in the eastern part of the country were evaluated and approved.

The official added that the main threat to the country from an economic and eventually social point of view is the price of fuel, “since the nation depends absolutely on primary sources of energy, which has to be imported.”

0 0 votes
Article Rating

3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Paul Tierney
March 11, 2022 10:45 am

The RD has plenty of sun and wind. Renewable power derived from these sources is a no brainer

Tom Gato
March 11, 2022 12:00 pm
Reply to  Paul Tierney

the price per megawatt should not exceed 1.5 million USD per megawatt. This is way to expensive. without even considering that solar is unreliable do to cloud cover, rain ect. and whose maintenance cost tend to be excessive in the long term….the same is applicable to wind generation in terms of climatic variables

Felix Arroyo
March 11, 2022 11:30 pm
Reply to  Tom Gato

They will repay themselves with time. Another technological barrier is batteries. I hope they have included batteries to store the electrical energy into reversible chemical energy. Transportation is one of the biggest consumer of energy in DR so hydrocarbons will continue ruling DR!
We need more movement along this direction.