MPC Caribbean Clean Energy Fund has financially closed Phase II of Monte Plata solar park in the Dominican Republic.
The Phase II attracted a project finance loan from Dutch development finance institution FMO, Panamanian financial institution and asset manager CIFI and the CIFI Sustainable Infrastructure Debt Fund.
MPC Caribbean Clean Energy Fund indirectly holds an approximately 36% asset share in the project.
The Monte Plata solar park, which currently sells all its generated power under a 20-year PPA to the state-owned Dominican Corporation of State Electrical Companies, was the first utility-scale power station in the Dominican Republic and the largest project of its kind in the Caribbean at the time of commissioning in 2016, says MPC.
The project has undergone expansion in Phase II, reaching an installed solar PV capacity of 75.6 MW. This expansion involved securing a new 15-year PPA for an additional 42.2 MW of capacity.
“Over its operational lifespan, the expanded solar park is poised to mitigate the production of nearly 1.5 million tons of CO2 during the life span of 20 years,” says Gözde Kurusoy, MPC’s director of project finance. “The financial closure of Phase II underscores MPC Caribbean Clean Energy Fund’s commitment to the Dominican Republic, fostering economic growth, supporting the transition to a low-carbon economy, and driving positive community and social impact.”
The COD of Phase II is projected to occur in the fourth quarter of next year.
The post MPC Closes Phase II of Monte Plata Solar Park Financing appeared first on Solar Industry.
Today, I met a professional driver for the film-making industry whose principal focus is stunt-work.
Somehow, we got to talking about the many movie stars for whom he’s worked over the years, and how pleasant most of them are to be around.
He started by mentioning Kevin Costner.
“I really like him,” I said. Please tell me he’s not an asshole.”
“Oh no; he’s a prince,” my new friend replied. “I also do the driving for Jay Leno’s show about his massive garage full of vintage cars. He’s even kinder. When we’re having lunch between shootings, he’ll often come up our table and ask if we need another Coke or two. Maybe desserts?”
We eventually got around to the stars who are, in fact, assholes.
“I drive in Lethal Weapon 4,” he began.
“Let me make a stab. Mel Gibson?”
Yes. One of the most hateful, most miserable people you could meet in 100 lifetimes.”
“That’s the rumor everyone’s heard,” I responded. “It’s weird how people who have more money that God feel the need to be such terrible people.”
“Well, my theory is that money doesn’t change people; it only amplifies them.”
I remind him of Henry Ford’s observation above.
Great conversation.
How Trump has any credibility with Americans–or the other citizens of planet–is a mystery that is impossible to unravel.
At This Point, No One Should Believe a Word that Comes Out of Trump’s Mouth
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