//homepage code //end homepage code
Monte Plata Solar
Deetken Impact Sustainable Energy proudly announces the signing of agreements for the acquisition of the Monte Plata Solar Power Plant in the Dominican Republic

San José, Costa Rica, June 30, 2021 – Impact asset manager Deetken Impact Sustainable Energy (DISE), announces the signing of agreements for the acquisition of the Monte Plata solar power plant in the Dominican Republic.  DISE will participate through its two renewable energy Funds, H-REFF (Honduras Renewable Energy Financing Facility) and CABEF (Caribbean Basin Sustainable Energy Fund), that co-invest in Central America and the Caribbean. The two funds together with co-investors MPC Caribbean Clean Energy Fund LLC (MPC), Grupo Pais Solar S.A. (GPS) and ANSA McAL, will indirectly acquire full ownership of the operating Monte Plata solar park.  The closing of the acquisition is subject to conditions that are expected to be met in the coming months. 

This investment aligns well with our Funds’ mandate to contribute to the clean energy transition and to the achievement of the Sustainable Development Goals (SDGs) through investment in new renewable energy infrastructure in the Caribbean Basin.  We are pleased to be collaborating with MPC and GPS to close the acquisition and to subsequently expand the project, with the intention to more than double the current capacity.  As co-owner of the asset, DISE looks forward to supporting the project expansion and contributing to accelerating the transition to clean energy and adding resilience to the energy infrastructure in the Caribbean.  Our investment also contributes to progress towards the Dominican Republic’s target of increasing its renewable energy capacity to 25% by 2025 as part of its strategy to achieve its commitments under the Paris Agreement. The country recently revised its approach and target for its carbon reduction commitment to a 27% reduction in carbon emissions relative to business as usual by 2030 (NDC-RD-2020). 

“Investing in projects like Monte Plata and its planned expansion, in partnership with MPC and Grupo Pais Solar, allows us to continue supporting the energy transformation of the region, displacing thermal energy generation and reducing carbon emissions.  Furthermore,  the expansion will also contribute to the creation of new jobs and the reactivation of the economy affected by the COVID-19 pandemic.”  Fernando Alvarado, CEO, Deetken Impact Sustainable Energy.

Monte Plata Solar project and planned expansion 

Monte Plata is a 33.4 MWp solar power plant that has been in operation since 2016.   Monte Plata sells the electricity it generates to the state-owned Dominican Corporation of State Electrical Companies under a US dollar denominated, 20 year power purchase agreement.  The project has financing from international development finance institutions, the Dutch FMO and the German DEG.

The installed capacity of the plant will be expanded to approximately 74 MWp in 2022.  After the expansion, annual energy production is estimated to be around 115,000 MWh, which will avoid up to 2 million tonnes of CO2 over the life of the project and create new quality jobs.

About Deetken Impact Sustainable Energy:

Deetken Impact Sustainable Energy (DISE) manages two funds that co-invest in renewable energy and energy efficiency projects and companies in Central America and the Caribbean.  With $60MM in committed capital, the funds have approved investments in 15 companies in 6 countries.  DISE is supported by its partnership with Deetken Impact, a Canadian impact asset manager focused on investments in women’s empowerment, clean energy, and social enterprises in Latin America and the Caribbean. DISE and Deetken Impact together manage $140 million in impact assets with a diverse team of seasoned impact investment professionals based in Central America, South America, the Caribbean, Mexico and Canada and a track record of more than two decades. DISE is a signatory to the Operating Principles for Impact Management and has been selected to the ImpactAssets 50 Impact Investment Fund Manager Showcase for two consecutive years. 

For more information, visit: https://deetkenimpact.com/ or follow on Twitter @DeetkenImpact

It is EASY to get started making an impact!

Simply send us your contact information and one of our investment specialists will contact you to personally walk you through the investment process. 

We will be in contact shortly

Magali Lamyin, Director of Communications and Development for Deetken Impact


Director of Communications and Development


Magali brings extensive market intelligence, business development and marketing experience from her work at the Central Bank of Mexico, the Canadian Institute for Market Intelligence, and the IESE-PWC e-Business Centre in Barcelona. She also co-led national marketing campaigns for businesses in the hospitality and early childhood education sectors for almost a decade before joining Deetken. In her current role, she is responsible for leading Deetken Impact’s communications, marketing and branding strategy. She is also involved in the due diligence process for project selection with an emphasis in Mexico.

Magali holds a BA in Economics from Mexico's ITAM and a Master's degree in Economics from the University of British Columbia.

You have Successfully Subscribed!

Jose Lamyin, Managing Partner Deetken Impact


Managing Partner


José has extensive experience as a business advisor for clients throughout Canada, Europe and Latin America in mining, telecommunications, and finance. Prior to co-founding The Deetken Group, José worked for Teck Cominco in Peru and Canada and Deutsche Bank in London (UK). José has spearheaded much of the strategic growth of Deetken Asset Management since inception and is currently focused on investment selection.

José received his BS in Engineering from the University of British Columbia and MBA from IESE School of Business (Barcelona). Born in Peru, José is fluent in English and Spanish.

You have Successfully Subscribed!

Alexa Blain, Managing Partner Deetken Impact


Managing Partner


Alexa is responsible for finance, operations and investor relations at Deetken Impact. She brings over 10 years of experience in financial consulting and asset management, with specific expertise in company and investment analysis, business valuation and securities/corporate finance. Prior to joining Deetken, she spent three years with African Alliance, a pan-African financial services group, where she focused on expanding the firm’s retail financial services operations as well as on the origination and negotiation of new capital. In addition, Alexa has six years of asset management experience with the Canada Pension Plan Investment Board, the Macquarie Group and the Ontario Teachers’ Pension Plan.

Alexa is a CFA Charterholder. She has also completed an MA in Financial Economics and an Honours BA in Economics, both at the University of Toronto.

You have Successfully Subscribed!

Fernando Alvarado, Head of Deetken Impact Sustainable Energy



Honduras Renewable Energy Managers (HREM) and Caribbean Renewable Energy Managers (CAREM)


Fernando Alvarado leads the General Partner and Investment Advisor of two clean energy and energy efficiency project finance and venture capital funds: Honduras Renewable Energy Financing Facility (H-REFF) and Caribbean Basin Sustainable Energy Fund (CABEF), which he structured and runs with a combined target capitalization of $100m.

Development Investment Banker with 28 years of international credit and investment experience and 18 years of direct experience assessing diversified renewable energy portfolios in Latin America & the Caribbean. He has participated in more than 50 syndicated credit and investment transactions for renewable energy projects in excess of $250 MM. He led the creation, structuring, fundraising, legal closing and portfolio construction of several specialized renewable energy funds.

Costa Rican, based in San Jose, Mr. Alvarado has an MBA in Banking and Finance cum laude from Universidad de Costa Rica.

You have Successfully Subscribed!

Carl Black, Portfolio Manager Deetken Impact


Portfolio Manager


Carl is a Portfolio Manager with Deetken Impact focused on analyzing and working with MSMEs, social enterprises, and renewable energy developers in Latin America and the Caribbean. His main responsibilities include supporting business development, managing technical assistance projects, leading investment due diligence, and monitoring portfolio performance. Prior to joining Deetken Impact, Carl worked for five years as a consultant, advising public sector clients an non profits in Canada and financial services companies in Latin America. He started his career at the Bank of Canada, where he researched issues related to household and business credit. 

Carl completed an Honours BA in Economics at the University of British Columbia. He also holds an MSc in Economics & Development from the University of Oxford, where he earned distinctions in quantitative and development economics.

You have Successfully Subscribed!

Cristobal Aguirre, Investment Analyst at Deetken Impact


Investment Analyst


Cristobal has over 6 years of experience in the asset management industry, where his responsibilities have ranged from asset allocation and portfolio management to risk analysis and software development. Before relocating to Canada, Cristobal worked as a senior investment analyst in AFP Habitat—Chile’s largest pension fund—where he led the tactical asset allocation and macroeconomic research for emerging markets.

Cristobal is a CFA Charterholder, and completed a BA in Economics at Universidad de Chile.

You have Successfully Subscribed!

Chad Parsons, Senior Investment Analyst at Deetken Impact




Chad has worked as a consultant in business and technology for 20 years – often helping clients with their business transformation initiatives.    He has worked with start-ups, government, and established businesses to further their product and service offerings with a balanced approach.   After pursuing a research degree on leveraging technology for social and economic development; Chad has found a valuable alignment of his background with Deetken’s innovative impact investments. 

Chad completed a BS in Engineering from the University of British Columbia and has a MSc with distinction from the University of Manchester (UK).

You have Successfully Subscribed!

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from the Deetken Impact team.

You have Successfully Subscribed!