F&S Solar raised DFI-backed loan for Montecristi Solar project

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Renewable energy

Region:

Americas

DEG, FMO and BIO are providing F&S Solar with a $62 million long term loan to fund development of the 116MW Montecristi Solar project in the Dominican Republic.The project benefits from a 20-year power purchase agreement with state-owned Corporacion Dominicana de Empresas Eléctricas Estatales (CDEEE). The first phase is operational with the entire 116MW plant slated for commercial operation in summer 2019.

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