The Dominican Republic can increase the share of renewable energy in its energy mix from 9 to 27 per cent by 2030, according to a new »Renewable Energy Prospects: Dominican Republic« report launched by the International Renewable Energy Agency (IRENA). The country could increase the share of renewables in the power sector alone from 12 to 44 per cent by 2030, mostly from solar and wind.
IRENA estimates that the Dominican Republic could generate 16 TWh of electricity from renewables by 2030 with a renewable power generation capacity of 6 GW (from a total installed capacity of 10 GW, including non-renewable technologies). Solar PV could contribute 3 TWh from a total of 1.9 GW capacity, which includes on-grid and off-grid capacity. 60 percent is related to utility-scale plants, which »would require an average annual installation rate of about 77 MW« until 2030. According to the study decentralized on-grid generation comprises 685 MW capacity by 2030 for residential and commercial systems that would cover about 8% of all electricity demand in buildings. Solar home systems totaling 102 MW of installed capacity would supply electricity to 2% of the population.
An estimated annual investment of $566 million in renewable energy is needed between now and 2030 to reach the 27 per cent renewables mark. Once achieved this will actually result…