Maranatha
Santo Domingo, Dominican RepublicInvested through |
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Asset Classes | Private debt |
Impact strategy | Energy and Climate |
Aligned with SDGs |
Maranatha is a solar energy power generation project in the Dominican Republic, with an installed of 10MW.
The plant is located in the community of El Toro, a small developing island state, and provides clean, cost-competitive electricity to the equivalent of an estimated 6,000 households annually and feeds directly into the country’s national grid.
The Dominican Republic is working to reduce its dependence on fossil fuels to increase its energy independence, clean energy production, and improve business competitiveness. Alongside the positive impact Maranatha will have on climate action, the organisation has also committed to creating an inclusive and safe working environment. Knowing that, globally, women only represent an estimated 19% of the renewable energy workforce, Maranatha will partner with local networks and universities to recruit and hire women. Furthermore, staff will receive training on gender equality, anti-harassment and discrimination, and gender-based violence prevention. This transaction is 2X qualified as women represent 50% of the leadership team and given Maranatha intentionality towards women empowerment.