Despite the present administration''s efforts to increase the installed capacity of electricity generation from renewable sources, the electric power sector continues to be one of the most significant problems affecting the Dominican economy. Although the DR continues to experience electrical outages that can last from several minutes to several hours, there are signs that the DR is poised for an energy transformation.
The National Commission of Energy (CNE), Ministry of Energy and Mines (MEM), and Superintendency of Electricity (SIE), and other government institutions are collectively working to transform the energy sector and address gaps in distribution. CNE has outlined the policies and plans for electricity sector in the ”National Energy Plan 2021 - 2036” (PEN).
The DR''s installed generation capacity connected to the National Interconnected Electric System (Sistema Eléctrico Nacional Interconectado - SENI) is around 5,631.47 MW and the average peak demand is around 3,312 MW. The supply shortfalls and occasional blackouts thus appear to be due to systemic problems, including an antiquated grid and outdated software, rather than a lack of generation capacity. Technical and non-technical losses average 39.2%.
The historically high costs of fossil fuel imports have made the development of renewable energy projects a priority for the government, and the DR has committed to reducing its greenhouse gas emissions by one-third of 2010 levels by 2030.
The Dominican Republic passed legislation on renewable energy in 2007 as part of its endeavors to achieve these targets. The main objective of this law is to increase the contribution of renewable energy sources in electricity generation to 25% by 2025. The DR government''s efforts to encourage clean and renewable energy generation include generous tax incentives for investors.
There has already been significant investment in the renewable energy space locally due to recent efforts by the Dominican government, and it is expected that there will be increased investment in renewable energy as many of the governments clean energy initiatives begin to take further effect.
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The Dominican Republic is rapidly integrating renewable energy sources into its national grid. By 2025, they aim to achieve 25% renewable energy dependence. This ambitious goal has spurred significant growth, with renewable energy contributing nearly 19% of the country’s total energy demand in 2023.
However, challenges remain. Outdated regulations, insufficient transmission infrastructure, and a lack of energy storage solutions are hurdles to continued growth. The government is exploring privatization of distribution companies and developing a regulatory framework for battery storage to address these issues.
Despite the challenges, there are significant opportunities for US businesses. Generous tax incentives, a clear legal framework, and a growing renewable energy market present attractive investment opportunities, particularly in solar, wind, and hydropower projects. Additionally, the Dominican Republic is open to collaboration with international partners to improve regulations and explore modern technologies like battery storage.
In the Dominican Republic, the National Energy Commission (CNE) has granted the definitive concession to three contracts for the installation of solar parks located in different regions of the country with a total combined capacity of 148 MW.
The executive director of the CNE, Edward Veras, signed the concessions for the following companies: LCV Ecoener Solares Dominicana, to develop the Planta Solar Photovoltaica Payita 1 project; Cotoperí Solar FV, for the Cotoperí Solar I Photovoltaic Park; and Renewable Energy World Dominicus (R.E.W.D.), for the Parque Solar R.E.W.D. project.
LCV Ecoener Solares Dominicana''s Planta Solar Photovoltaica Payita 1 will have a nominal capacity of 50 MW and will be located in the Payita area of the Nagua municipality in the country''s northeastern María Trinidad Sánchez province.
Renewable Energy World Dominicus'' Parque Solar R.E.W.D., which will also have a nominal capacity of 50 MW, will be developed in the municipality of Villa Hermosa, in the province of La Romana, east of the capital city of Santo Domingo.
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