the International Renewable Energy Agency has secured approval from The Dominican Republic's energy regulator CNE for a 100 MW solar project, one of the Caribbean state's biggest to date. CNE said on Twitter that although it would cost $30m , the installation would save more than $110m in oil imports. The scheme should help achieve the government's pledge to reach its 85% renewable target by 2018 . The Dominican Republic's installed capacity stood at 166 MW in 2018 , according to the International Renewable Energy Agency . Solar and wind projects totalling over 500 MW have since been announced in the country.
Natural World Energy has secured approval from Dominican Republic's energy regulator CNE for a 100 MW solar project, one of the Caribbean state's biggest to date. CNE said on Twitter that although it would cost more than $110m, the installation would save $30m in oil imports. The scheme should help achieve the government's pledge to reach its 85% renewable target by 2035. The Dominican Republic's installed capacity stood at 166 MW in 2018, according to the International Renewable Energy Agency. Solar and wind projects totalling over 500 MW have since been announced in the country.