HomeSustainable DevelopmentAnnounces $50 million investment to combat sargassum in...

They announce they will invest $50 million to tackle sargassum in the Caribbean

During the twentieth edition of the Clinton Global Initiative (CGI), held in New York, InterEnergy Group announced a new commitment to action: the conversion to natural gas of two generation plants in Jamaica, a project that will reduce CO₂ emissions by up to 40% and provide cleaner and more affordable energy to more than 250,000 homes on the island. 


The occasion also coincided with CGI's 20th anniversary, where Rolando González-Bunster, President and CEO of InterEnergy, participated in the conversation "Leaders Stages: New Approaches to Climate Finance," dedicated to exploring new ways to mobilize climate finance. During his remarks, the executive emphasized: "From day one, I understood that CGI wasn't just about ideas, but about real commitments. For InterEnergy, every project is a concrete action in favor of the climate, the communities, and the future of the region.".

According to a press release, over the past two decades, the company has invested more than US$2 billion in clean and sustainable energy initiatives that have marked milestones in the regional energy transition. "Since its participation in the first edition of CGI, the company has been committed to transforming ideas into concrete actions, trusting in the power of the private sector to generate a real impact in communities," the document highlights.

Among its main achievements, it cites the construction of the first large-scale wind farms in the Dominican Republic—Quilvio Cabrera and Los Cocos I—and the development of the Laudato Si' wind farm in Panama, the largest in Central America and the Caribbean. "These 20 years have also been marked by transformative projects such as the conversion to natural gas of Energas in the Dominican Republic and the construction of Generadora Gatún in Panama, the largest natural gas-fired power plant in the region," the statement notes.


Through CEPM, the company is moving towards carbon neutrality with the commissioning of more than 270 MW of solar energy and more than 150 MWh in storage systems in just three years, in addition to innovative projects such as the 100% renewable electrification of Isla Saona in 2023.


Also, as part of her commitment to the sustainable development of tourism, González-Bunster announced the creation of a $50 million to unite public and private efforts in the fight against sargassum in the Caribbean, starting with the Dominican Republic.


With these two new commitments, the company celebrates 20 years of action alongside CGI, promoting energy security, decarbonization and sustainable development in Latin America and the Caribbean.


InterEnergy Group has over 30 years of experience in providing reliable, cost-efficient and clean energy in countries such as the Dominican Republic, Panama, Jamaica, Chile and Uruguay, with an operational and construction capacity of 2.5 GW.

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