Loeb & Loeb LLP represented General Energy Solutions, a leading renewable energy company based in Taiwan, in the refinancing agreement for the development of the Monte Plata Solar project, the largest solar energy plant in the Dominican Republic.
The project, which is in its second phase, is projected to reach 69 MW of installed power. In turn, this will prevent 70,000 tons of CO2 from being emitted into the atmosphere annually and will be the largest solar photovoltaic power plant in the Caribbean, producing more than five times more energy than the Dominican Republic currently generates.
This is one of few renewable energy projects that is up and running in the Dominican Republic and fully supported by the Dominican government.
The Loeb & Loeb deal team acting on behalf of General Energy Solutions in this matter is led by partner Frank Lee, Co-Chair of Loeb & Loeb’s Energy Practice and associate Cherice Landers.