Cement producer DOMICEM carried out the groundbreaking ceremony to officially kick-off the construction for a solar-powered photovoltaic energy plant, of 1,500KWP, located in Sabana Grande de Palenque, in the San Cristóbal province, as part of its sustainable action plan, which will expand to 6,000 KWP during phase 2.
The project will feature 4,616 solar panels, each of them with a 325WP production capacity, 49 SMA inverters, with a built-in capacity to produce 25.00KWP and which will produce a total of 2,286,305KWH of clean energy, which translates to DOMICEM ceasing to consume 56,175 fossil fuel gallons per year, by switching from traditional energy to solar. Osvaldo Oller, VP at DOMICEM, stated that: “here at DOMICEM, we have assumed the commitment of investing towards achieving a cleaner nation, and therefore our production focuses more each time on reducing emissions”. The executive explained that since 2013, the company has set out to carry out a series of new initiatives to achieve this goal
“Asides this photovoltaic energy project, back in 2013 we underwrote an agreement with EGE HAINA, to consume clean energy, produced by way of the Los Cocos Wind Farm, further on we set up a new Vertical Aerial Generator, which reduced energy consumption by over 10%. The solar power plant will produce an environmental savings of 1,455,690Kilograms of CO2 per year, which will equal to DOMICEM planting 48,532 trees.
DOMICEM is a company in the Energy and Industries portfolio of assets administered by INICIA.
The Vicini family has invested in different economic sectors in the Dominican Republic for over 140 years. INICIA is one of the companies that has contributed significantly to the development and industrialization of the country.
INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.