Featured Photo: Investing in renewable energy sources in the Caribbean
In honor of Earth Day 2015, this week’s featured photo highlights wind turbines in the Dominican Republic. Built by the AIC Caribbean Fund, the turbines are providing significant clean energy resources throughout the country. In 2011, OPIC provided financing to the fund which financed the construction of the first wind turbine farm in the nation, a mid-scale, grid-connected facility capable of generating 25.2 megawatts.
At peak operation, the wind facility is capable of offsetting as much as 62,500 tons of CO2 annually — tantamount to taking more than 13,000 automobiles off the road. The project helped prove the viability of wind energy in the Dominican Republic, which today is on track to have 300 megawatts of installed capacity from wind turbines by the end of 2016.