InterEnergy Group has unveiled a groundbreaking $50 million initiative to address the sargassum crisis in the Caribbean, starting with the Dominican Republic. The announcement was made by CEO Rolando González-Bunster during the 20th Clinton Global Initiative (CGI) in New York, underscoring the company’s dedication to sustainable development and environmental preservation. The fund aims to unite public and private sectors in safeguarding the region’s ecosystems and tourism industry, which have been severely impacted by the invasive seaweed. González-Bunster emphasized InterEnergy’s proven track record in renewable energy, including the construction of wind farms like Quilvio Cabrera and Los Cocos I in the Dominican Republic, as well as the Laudato Si’ wind farm in Panama, the largest in Central America and the Caribbean. The company has also spearheaded transformative projects such as converting Energas to natural gas in the Dominican Republic, building Panama’s Gatún Generator—the region’s largest natural gas plant—and achieving 100% renewable electrification of Saona Island. Looking ahead, InterEnergy plans to convert two power plants in Jamaica to natural gas, reducing CO₂ emissions by up to 40% and providing cleaner energy to over 250,000 homes. Over the past two decades, the company has invested more than $2 billion in clean energy, driving energy security, decarbonization, and sustainable development across Latin America and the Caribbean.
US$50 million to be invested to combat sargassum in the Caribbean, starting in the Dominican Republic
