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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.

Power Plants

Installed Capacity

Capacity Factor


Interconnection Line

Development Stage



Canoa I

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

March 2020

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