The Dominican Republic must pay $2.3 million in damages for breach of contract in connection with a wind energy complex proposal, a federal judge in Florida affirmed.
Dominicana Renovables SL sued the Dominican Republic, alleging that it refused to formalize a power purchase agreement with the company after it contracted with Dominicana Renovables to develop and operate a wind energy complex in a remote area of the country.
The contract granted Dominicana Renovables the right to sell the energy output to the state-owned energy company. The company then completed a comprehensive multi-year study of the wind patterns in the contracted ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.