Dubai, United Arab Emirates.- The Conference of the Parties (COP) has been the framework for great alliances and agreements in the shared fight against the effects of climate change. In this same scenario, two years ago, InterEnergy Group, parent company of CEPM and one of the largest providers of clean energy in Latin America and the Caribbean, made the historic announcement of converting CEPM into one of the first zero-emission electricity companies in the world. world, as part of the CEPM Zero initiative and a complete regional agenda on the path to decarbonization.
This pioneering project aims to achieve carbon neutrality in CEPM through the use of renewable energies such as wind and solar energy, storage systems such as batteries and reservoirs, as well as the use of green hydrogen. With the combination of these technologies, the aim is to achieve 30% penetration of renewable energies in the CEPM matrix in 2024-2025, 60% in 2026-2028, and reach 100% at the end of the decade.
This commitment was made public within the framework of COP 26 in Glasgow in the presence of His Majesty, then The Prince of Wales, today King Charles III, of the United Kingdom, as part of a collaboration with Bank of America, one of the main financial institutions in the world. A year later, at COP 27, these entities, added to the efforts of a multilateral development bank, announced that CEPM would obtain a green loan to support these investments.
Within the framework of COP 28, Rolando González Bunster, president and founder of InterEnergy Group, will share the details of these advances next Sunday, December 3, in a panel shared with Juan Ignacio Rubiolo, Executive Vice President and President of International Business of AES; and Max Puig, executive vice president of the National Council for Climate Change and the Clean Development Mechanism, under the theme “Climate change and energy resilience: the path to a reliable and sustainable matrix.”
The second participation will be on Monday the 4th, led by Bank of America executives, under the focus “Expanding the Implementation of Global Capital of Sustainable Finance for the Transition to Zero Net Emissions.”
Precisely, with the company AES, InterEnergy has an alliance in two projects, such as the Generadora Gatún plant, in Panama, which will produce 670 MW of natural gas, which is considered the cleanest transition energy; and Enadom, aimed at the commercialization of liquefied natural gas in the Dominican Republic and the Caribbean.
“It is very important that energy companies join forces to change generation matrices towards renewable and transition energies. At InterEnergy Group we have had this objective for many years. We have been pioneers in the creation of solar parks in Central and South America; and also in the Dominican Republic, since in 1995 we began the first wind studies. “All companies have the responsibility to reduce global warming with more environmentally friendly fuels,” said González Bunster.
Progress towards zero emissions
One of the first milestones in this roadmap has been the development and construction of several photovoltaic projects of more than 200 MW of power, distributed in the eastern area of the Dominican Republic, accompanied by the expansion of the current infrastructure and systems of 110 MW storage, which will also provide stability and reliability to the company’s already robust network. Along these lines, the installation of photovoltaic parks is also being carried out, accompanied by hotel clients, in their shared purpose of turning the eastern part of the country into a sustainable development model of global reference.
These projects are part of the CEPM Zero initiative with an estimated investment that exceeds USD 1,000 million and through the construction of more than 500 MW of wind, solar and battery energy that are added to the existing generation of this company.
Another advance has been the electrification of Saona Island with renewable energy, which turns one year old on December 19; and the upcoming inauguration of the first electric station in the Caribbean, before the end of the year, among other projects.
About the Punta Cana-Macao Energy Consortium (CEPM)
The Punta Cana–Macao Energy Consortium, SA (CEPM) is a company that generates, transmits, distributes and markets electrical energy in the tourist area of Punta Cana, Bávaro, Macao, Uvero Alto, Miches and Bayahíbe, with an available capacity of more than of 300 MW with which it supplies energy through 1,467 km of high, medium and low voltage networks, to more than 65% of the national hotel supply divided into nearly 55,000 hotel rooms and more than 47,000 residential, commercial and industrial clients, serving as a fundamental promoter of tourism development in the area.
About InterEnergy Group
InterEnergy Group is a private equity group formed in 2011, whose Chairman and CEO is Rolando González Bunster with a total installed, available and under development capacity of 2.1GW. The Group operates electric power generation plants in Latin America and the Caribbean, specifically in the Dominican Republic, Panama, Jamaica, Chile and Uruguay. InterEnergy leads the transformation of the energy sector in the Dominican Republic and Panama with the Laudato Si’ Wind Farm, the largest in Central America and the Caribbean, with a capacity of 215 MW; the Ikakos Solar Park with 40 MW of nominal capacity, the 34 MW Matafongo park in Baní, the 300 MW Energas gas plant and, more recently, with the construction of the Gatún natural gas generator, with a capacity of 670 MW, valued at US $1,000 million. In addition, it is a pioneer in solutions for electric mobility with its Evergo brand in all the countries where it operates.