Schneider Power advances two Caribbean wind projects

1 February 2010 - The Bahamas Renewable Energy Corporation (BREC) , a joint-venture between Schneider Power Caribbean Inc. (SNE) and WINSO Company Ltd. of Nassau, said it was notified by the Bahamas Electricity Corporation that it has been short listed under the Renewable Request for Proposal process and will proceed to the next stage. BREC has submitted proposals for three renewable power generation facilities totalling 24 MW, spread across three islands (New Providence, Abaco and Harbour Island).

Separately, Schneider Power Caribbean Inc. and Hervill S.A. of Santiago de los Caballeros, Dominican Republic announced the signing of a non-binding memorandum of understanding to form a joint-venture to launch the Dominican Renewable Energy Corporation Ltd. ("DR Energy"). DR Energy will initially target development of two wind projects totaling up to 200 MW. The contemplated wind projects are located near the town of Guzmanzitos, west of Puerto Plata. The Company is working towards finalizing its relevant permits and submitting its projects to the domestic feed-in-tariff program (Law on Renewable Energy Incentives and Special Regimes).

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs