Cement industry DOMICEM carried out the groundbreaking for the construction of a new photovoltaic power plant of 1,500KWP, in Sabana Grande de Palenque, in San Cristóbal, as part of its sustainable action plan, and which will expand to up to 6,000KWP in phase two.
The project will feature 4 thousand 616 solar panels, each of 325Wp, 49 German-made SMA inverters, each with a 25.00KWp production capacity, to produce a total 2,286,305 KWh of clean energy, which represent a total savings of 56,715 fossil fuel gallons per year.
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.