Grupo Puntacana signs agreement for solar energy generation project.
PUNTA CANA - The Puntacana Group and the company Eurelius have signed an agreement to implement a solar energy generation project, which will generate more than 50% of the energy consumed in the Punta Cana community, contributing to the development of a more sustainable destination.
This project will prevent the emission of more than 25,000 tons of CO2 per year and will help lower energy costs. More than 30 MWp of solar power generation and more than 50 MWh of battery storage will be installed. Punta Cana aims to become one of the few cities in Latin America to produce more than 50% of its energy from renewable sources.
Upon signing the agreement, Frank Elías Rainieri, president and CEO of Grupo Puntacana, said that “this confirms Grupo Puntacana’s commitment to caring for the environment and the community, positively impacting by reducing emissions and, at the same time, the cost of generating electricity.”.
Grupo Puntacana has been making progress in the transition to cleaner energy generation, a process that began with the installation of solar panels at the Punta Cana International Airport (AIPC) and at the Puntacana International School (PCIS).
“Now, with this new project, we are taking a giant leap forward in reducing the environmental impact of electricity generation by significantly reducing greenhouse gas emissions. By reducing energy generation from fossil fuels, we are contributing to a cleaner and more eco-friendly tourist destination,” Rainieri explained.
The contracted project, the businessman explained, in addition to the installation of photovoltaic panels, includes the installation of an energy storage system, which adds stability to the system in the face of weather variations during the day.
Likewise, after signing the agreement, Michael Bellmer, managing partner of Eurelius, expressed his satisfaction in collaborating with Grupo Puntacana, "We are delighted with the opportunity to support Grupo Puntacana in the development, implementation and operation of what is, to our knowledge, the largest clean energy project in the private industrial and commercial sector in the Dominican Republic and the Caribbean.".
“We believe this project is not only a milestone for the Puntacana Group, but much more so for all of Latin America for private industrial and commercial groups that are considering substantially reducing their electricity bills and lowering their carbon footprint through the well-managed sizing of solar and battery electrical storage systems as the most affordable energy source in the Caribbean today,” Bellmer stated.
The agreement establishes that the photovoltaic plant will be located at the Punta Cana International Airport (PUJ), where it will have space for future expansion.
About Grupo Puntacana
Grupo Puntacana is a pioneering company in tourism and financial development that, more than 54 years ago, had the vision to develop a destination and a real estate community in a remote, isolated and paradisiacal corner of the Dominican Republic.
Through their sustainability initiatives and Corporate Social Responsibility programs, which have become a benchmark at the national and international level, they promote a business model that contributes to generating jobs, while fostering local culture and promoting environmental protection.
