CMI Energía expands its presence and celebrates the acquisition and entry into operation of its first renewable generation park in the Dominican Republic

This CMI release was published using machine translation.

Dominican Republic, November 2021 - In order to continue consolidating and strengthening its growth strategy, CMI Energía de Corporación Multi Inversiones -CMI-, announced the entry into operation of the first renewable energy plant outside the Central American region. With a total investment of US $ 72.5 million of capital and a generation of 50 MW, the Mata de Palma solar park, in the municipality of Guerra in the Santo Domingo province, becomes the twelfth generation plant and the third solar project of CMI , allowing to generate sustainable development of impact.

Mata de Palma joins CMI's renewable energy generation portfolio, thus exceeding 800 MW of installed capacity among the different renewable energy operations in 6 countries. Through the technological and geographical diversity of the company, with hydraulic generation in Guatemala; wind power in Honduras, Nicaragua and Costa Rica; and solar in El Salvador, Honduras and the Dominican Republic; Mata de Palma, expands the presence of CMI Energía, positioning itself as the largest and most diversified private generator in the Central American and Caribbean region.

Mata de Palma, made up of more than 200 thousand 500 solar panels, has first-rate technology, which makes it a benchmark in the country. Mata de Palma, which was developed by BAS Corporation and built by Dominion, allowed the generation of approximately 250 direct and indirect jobs, as well as subcontractors that allow the operation of the park to meet international quality standards.

“With the acquisition and operation of Mata de Palma, CMI Energía marks its beginning in the Caribbean and, especially, in the Dominican Republic. Mata de Palma supplies clean energy and allows the country to feed its high level of economic growth, as pointed out by the Dominican Government, of having 25% of its electricity generation from non-conventional renewable sources ”, highlighted Enrique Crespo, CEO of CMI Capital .

He also pointed out: “CMI Energía will continue to work in all its geographies, as it has done over the years, with the highest quality standards, respect for Human Rights and a strong commitment to the care, protection and conservation of the environment and natural resources. Through our total generation of renewable energy, we avoid the emission of more than 1.5 million tons of CO2 per year and with this, we contribute to mitigating climate change. Specifically in the Dominican Republic, with the generation of Mata de Palma, the emission of approximately 60,800 tons of CO2 is avoided annually, which shows our great environmental commitment to the country ”.

The launch of Mata de Palma adds to the milestones that CMI has achieved over 100 years. Since 2002, CMI has acquired Grupo Malla, a highly renowned company that has participated for decades in the Dominican market. Since then, CMI operates in country 2   flour distribution centers, 2 flour processing plants and 6 flour mills, and now, Capital's grouping expands its presence in the Dominican Republic.

“The size of our business and our geographic footprint require us to not only make our operations sustainable, but also to be able to contribute in a measurable way to the development of countries. Therefore, through our business units we seek to be an active part, from a role of change agents in the region, and now in the Dominican Republic, through our ability to generate investments that positively impact economic, environmental and economic approaches. social ”, indicated Crespo.