InterEnergy has engaged the services of Blink Charging Co to bring electric vehicle (EV) charging infrastructure to the Dominican Republic and Panama.
In the Dominican Republic, in particular, the company’s subsidiary, CEPM, provides energy solutions to more than 66 per cent of that country’s tourism sector.
As part of the company’s business arrangement with Blink Charging, InterEnergy will invest in the installation of 500 EV charging stations in the Dominican Republic and Panama.
“This is a significant step on InterEnergy’s efforts to eliminate thousands of tons of CO2 (carbon dioxide) emissions per year initially in the Dominican Republic which, as an important tourist destination, demands clean energy generation, representing multiple benefits to the environment,” Rolando Gonzalez Bunster, chairman of InterEnergy, stated.
InterEnergy will initially pay US$1.2 million to acquire 200 Blink Charging stations, including Level 2 charging stations, DC Level 3 fast chargers, and networked residential smart units, according to a release from the company.
So far, about 30 per cent of the purchase price has been paid to Blink, with the balance payable upon shipment of the units in the latter part of the first quarter of 2020.
According to InterEnergy, Blink’s products were found to be the fastest, most resistant for environmental conditions, particularly for an island, and best designed for ongoing operations. Reviewing Blink’s equipment led InterEnergy to choose Blink as its sole provider for EV charging equipment in the Dominican Republic, InterEnergy noted.
The decision to order 200 Blink charging stations came after InterEnergy thoroughly assessed the marketplace for available EV charging equipment. To Blink Charging’s benefit, its relationship with InterEnergy further increases the company’s international footprint to half a dozen countries.
“Bringing EV charging infrastructure to the Dominican Republic is only the first step of our engagement with InterEnergy and we look forward to future expansion in Panama City and further into the Caribbean and South America.”— Michael Farkas, founder and CEO, Blink Charging Co
Commenting on the transaction Blink’s founder and CEO Michael Farkas said, “We are excited to work with a pioneer in green-focused renewable energy, while providing their customers the best equipment available. ”
He continued: “Bringing EV charging infrastructure to the Dominican Republic is only the first step of our engagement with InterEnergy and we look forward to future expansion in Panama City and further into the Caribbean and South America.”