In the release, Carl Smith, the executive director of Sunovia Energy Technologies said that Dominican President Leonel Fernandez has shown a "tremendous passion for resolving the country's energy difficulties."

The executive said that the Dominican government has "realized that having a bilateral focus, including responsible renewable energy production combined with an energy conservation program are critical steps that have to be taken in order to get the country on the road to acquiring energy independence."

The agreement sets an investment of some US$200 million and is said will provide employment for 2,500 workers.

Eddy Martinez, executive director of the Dominican Republic Center for Exports and Investments (CEI-RD) stressed that the agreement is the result of "intense work" that the DR has done over the past few years in its efforts to reduce its dependence on oil. "And, at the same time, to create new jobs and attract new investments to the island", he said.
 
The contract with Sunovia Energy Technologies, which is based in Sarasota, Florida, is part of a wave of new investments in renewable energy in the Dominican Republic, according to the official.
This wave includes other companies from the United States like the Masada Resource Group, STC Engineering and Burbano Recycling have established energy generation and bio-fuel facilities in the DR, according to the Dominican official.

Martinez stressed that as well as wanting to attract investors in renewable energy the country also wants to expand investments in sectors relating to stem cells, genetically modified foodstuffs and the creation of hybrid fuel vehicles.
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