Dominican Republic Baits $770 Million of Wind Farms With Perks
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The Dominican Republic, the Caribbean country that shares an island with Haiti, plans to roll out $770 million of wind farms through 2015 by enticing developers with some of the region’s most generous rates for renewable energy.
Gamesa Corp. Tecnologica SA, Europe’s second-largest wind-turbine maker, and Spain’s Grupo Inveravante are among companies developing 350 megawatts of capacity over the next four years, said Hipolito Nunez, a national energy commission adviser.