Montecristi Solar FV SAS
Montecristi Solar FV SAS is a SPV that develops, constructs and operates a 58MWp photovoltaic solar plant in Monte Cristi in the Dominican Republic.
Amount
€ 14,230,155.00
Type of investment
Debt
Development impacts
- Access to basic services & goods
- Fight against climate change and preservation of natural resources
Beneficiary locations
Investment field
Infrastructure
Activity
Solar energy
The evacuation of said power will be done via the project’s own substation and will be connected to the 138 kV high voltage line which is crossing the land of the PV site. The Project will be fully owned by a Joint Venture between F&S Solar Concept (F&S) and Blue Elephant Energy (BEE).
Montecristi will be the largest PV project to date in the Caribbean and the second sizeable PV project in the Dominican Republic.
Development impacts
-
Access to basic services & goods
The PV Solar plant will provide 92GWh/year of renewable energy or the equivalent average consumption per year of 61.300 people in Dominican Republic.
-
Fight against climate change and preservation of natural resources
Montecristi avoids local emissions usually attached to conventional energy (mainly combustion products, polluted affluent and heated natural water resources). Montecristi will save up 46.200 tons of CO2 equivalent per year.
View more of our investments in this region
Financial Institutions
Banco para la produccion y la comercializacion SA
15,000,000.00
Paraguay
16/02/2024
Debt
Investment Companies & Funds
Darby International Capital Latin American Fund IV
10,000,000.00
Brazil, Colombia, Peru
01/12/2023
Equity
