High quality, diversified technologies
Emerald Solar Energy SRL (“Emerald”) is Polaris Renewable Energy Inc.’s newest subsidiary recently acquired in June 2022. Emerald operates the Canoa I Solar Park (the “Canoa I”) located in the Barahona Province, Dominican Republic.
Canoa I reached COD in March 2020 and has a 20 year power purchase in place with Edesur Dominicana SA (EDESUR), a local Dominican distributor. Canoa I is the first of two phases which is expected to reach a total capacity of 50 MW.
The second phase of the project, Canoa II, is currently under
development with an expected construction start of early 2023.
25.0 MWAC / 32.6DC MW
˜55-60 GWhr / year
3 KM / 69 KV
20 years + 5 years – U$125.00 / Mwhr
– 1.22% / YR TO 2033