VICINI, an asset management business located in the Caribbean and Dominican Republic, declared that it has completed the first phase installation of its wind farm with a total power generation capability of 77 MW.
Wind Power Generation Project in Caribbean and Dominican Republic" />As part of the first phase of the project, Los Cocos, 19 windmills already provide electricity to more than 90,000 families on the island. Credit: PRNewsFoto/VICINI
The wind farm known as Los Cocos has 14 wind turbines and will generate enough power to meet around 3% of the power requirements of the Dominican Republic and will meet the power needs of around 90,000 families.
The wind power generation project will be developed and managed in partnership by the Energy Consortium of Punta Cana and EGE Haina. The second phase will have 19 more windmills at the location to make the total number of wind turbine installations at the location to 33. Each of the wind turbines is designed to generate 1.8 MW of clean power. On completion of all the planned phases, the wind farm will generate enough power to meet around 10% power requirement of the country. The Energy and Industry Fund of VICINI has made the major investment in the project and has also involved the local community participation in the project to encourage regional as well as local economic development.
VICINI, a private asset management company with over 150 years of experience in investing and located in the Dominican Republic and the Caribbean has asset interests in diverse range of industries such as real estate development, tourism, media, banking and financial services, agriculture and energy, production, and food and beverage. The company is committed to sustainable development.