Renewable energy
Once the renewable energy act goes into effect by executive decree, investors will be able to begin construction on energy generation projects with the capacity of producing 503MW of energy. According to the Energy Superintendence 409.5MW will be wind powered, 50MW will be biomass produced and 43.5MW will be diesel motors. Estimates from the energy sector place the amount invested into renewable energies at US$500 million. Presidential environmental adviser Paino Abreu Collado says that the new law will bring new investments to the country and said that Congress had made a wise decision by passing the bill. He continued by saying that the bill will allow for the diversification of energy in the country.
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