Sunovia to Invest $200m in DR

The Dominican Republic says it has signed an agreement with Florida-based Sunovia Energy Technologies for the installation of the country’s first solar energy plant. Craig Hall, co-founder of Sunovia, says the company expects to invest $200m to get the plant running. He adds the company is approaching investment banks, US Ex-Im, the World Bank and OPIC in search of financing. He also says former US energy secretary and Michigan senator Spencer Abraham is the Sunovia’s lead advisor.