Polaris Renewable Energy Inc. a Toronto-based company engaged in the operation, acquisition, and development of renewable energy projects in Latin America, is pleased to announce that we have signed a Power Purchase Agreement (PPA) in the Dominican Republic for Canoa II. The Canoa II solar project is adjacent to the already operational 25MW Canoa I, which was acquired by the Company in July of 2022, and is in the Province of Canoa, Municipality of Barahona, Dominican Republic.
It represents a key milestone of the first internally developed project by the Company and validates a key strategic benefit of the acquisition which was completed in 2022. Moving forward with the project also enables the Company to continue to grow and diversify, both in the region and in renewable energy asset mix.
Polaris Renewable Energy Inc. is a Canadian publicly traded company engaged in the development, construction, acquisition, and operation of renewable energy projects in Latin America.
The Company’s operations are in 5 Latin American countries and include a geothermal plant, 4 run-of-river hydroelectric plants, and 3 solar projects now in operation.