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FV3 solar-plus-storage project & EV charging station

Sector: Solar • Location: Dominican Republic

Source: World Bank Group

Project
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This project involves the construction of FV3 solar-plus-storage project, located in Bavaro, province of La Altagracia, Dominican Republic. The FV3 solar plus storage project is a combination of solar PV electricity generation and an electric vehicle charging station. The charging station will also be equipped with a 1.2MW solar. FV3 solar-plus-storage project will bring additional 17.4 MW to the

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The project “FV3 solar-plus-storage project & EV charging station” is an infrastructure initiative in the Solar sector, located in Dominican Republic. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project involves the construction of FV3 solar-plus-storage project, located in Bavaro, province of La Altagracia, Dominican Republic. The FV3 solar plus storage project is a combination of solar PV electricity generation and an electric vehicle charging station. The charging station will also be equipped with a 1.2MW solar. FV3 solar-plus-storage project will bring additional 17.4 MW to the operational 7.2MW FV1 project and the total capacity will be a total of 24.6 MW. Consórcio Energético Punta Cana-Macao (CEPM), a subsidiary of CEPM Energy, is the sponsor of the project. The financing comprises a $50m loan from the IDB Invest - $42m direct financing amount and $8m of syndicated amount. The financial closed date is November 22nd, 2022. https://www.ijglobal.com/articles/167952/interenergy-taps-idb-for-dr-projects https://www.idbinvest.org/en/projects/cepm-green-projects

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