Renewable Energy Resources
As it has been described, most electricity generation in the Dominican Republic comes from thermal sources. Only 14% of the installed capacity is hydroelectric, with this percentage falling to below 9% when all the thermal self-generation is accounted for. The exploitation of other renewable resources (i.e. solar, wind) is very limited. However, this situation is expected to change following the enactment of in May 2007 of the Law of Incentives to Renewable Energy and Special Regimes (Law No. 57-07). Among other incentives, this law establishes financing at favorable interest rates for 75% of the cost of equipment for households that install renewable technologies for self-generation and for communities that develop small-scale projects (below 500 kW).
Read more about this topic: Electricity Sector In The Dominican Republic
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