San Pedro Bioenergy

What San Pedro Bioenergy does

San Pedro Bioenergy (SPBE) is a privately held Dominican Republic renewable energy company and a subsidiary of the CAEI Consortium (Consorcio Azucarero de Empresas Industriales), operating the country's first biomass-based high-efficiency cogeneration plant in San Pedro de Macorís province. The 30.5 MW cogeneration facility, in commercial operation since June 2017, simultaneously produces electrical and thermal energy from sugarcane bagasse and wood chips sourced from CAEI's 35,000 hectares of sugarcane plantations and 4,500 hectares of timber plantations, with a 335-day annual production cycle. The company distributes electrical output through both the regulated SENI national grid and direct supply to large industrial customers (the Unregulated Users Market, or UNR), with the CAEI Sugar Factory as the principal thermal off-taker, a relationship that has enabled a 23% increase in CAEI's sugarcane milling capacity from 6,500 to 8,000 tons per day.

The business model rests on three revenue streams: (1) wholesale electricity sales to SENI and direct sales under UNR contracts, supported by audited production economics of US$63.4/MWh versus US$119.3/MWh for coal-based generation and 78% fuel cost savings relative to conventional fossil-fuel plants; (2) thermal energy supply to CAEI's sugar operations; and (3) carbon credit issuance following the company's June 2020 registration under the UNFCCC Clean Development Mechanism (Kyoto Protocol), tied to approximately 90,000 tons of CO2 emissions prevented annually. SPBE sells 311,275 tons of biomass per year, replacing 157,552 tons of coal, and recycles 100% of combustion ash as compost and cement feedstock.

SPBE holds the "Único en su clase" certification from the Dominican Republic's National Council for Climate Change (2012), operates under Law 57-07 renewable energy incentives, complies with World Bank and IFC Environmental, Health and Safety standards, and adheres to the UN Global Compact. The plant achieves 100% power management capacity (24/7 availability) versus 23–40% for solar, wind, and hydro alternatives in the country, employs approximately 80 permanent staff with ~200 indirect jobs, and generated over 650 direct and 500 indirect construction jobs during build-out. No third-party institutional or venture investors are disclosed; SPBE is entirely owned by the CAEI Consortium.

Name

San Pedro Bioenergy

Legal name

San Pedro Bioenergy

Website

https://spbesa.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

San Pedro Bioenergy operates the Dominican Republic's first 30.5 MW biomass cogeneration plant, producing electrical and thermal energy from sugarcane bagasse and wood chips for the SENI national grid, the CAEI Sugar Factory, and large industrial customers.

Ownership category

akta.pro rank

Product category

Biomass Power Generation

NAICS

Biomass Electric Power Generation (221117)

SIC

Cogeneration Services & Small Power Producers (4991), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Biomass & Biogas CHP (Wood, AD, Landfill Gas) (EUACAKAB)

akta.pro secondary industries

Biomass CHP & Cogeneration Plants (Industrial & Utility) (EUAAAGAA), Forestry & Wood Waste Biomass Power (Sawmill Residues, Black Liquor) (EUACAIAG), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)

Keywords

• Biomass cogeneration
• Renewable energy generation
• Sugarcane bagasse power
• Industrial steam supply
• Carbon credit issuance

Headquarters

HQ city

Juan Dolio

HQ country

Dominican Republic

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Renewable Energy Sales: SPBE generates electrical and thermal energy from biomass cogeneration and sells surplus electricity to the National Interconnected Electrical System (SENI) and large industrial customers. The plant has 100% power management capacity, available 24 hours per day.
2. Carbon Credits: Following registration with the Climate Change Office under the Clean Development Mechanism (Kyoto Protocol), SPBE can issue carbon credits (emission reduction certificates) periodically.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

San Pedro Bioenergy operates a 30.5 MW biomass cogeneration plant that simultaneously produces electrical and thermal energy from sugarcane bagasse and wood chips. The plant supplies net renewable energy to the Dominican Republic's National Interconnected Electrical System (SENI), to the CAEI Sugar Factory, and to large industrial customers, while also issuing carbon credits through the Kyoto Protocol's Clean Development Mechanism.

Product overview

San Pedro Bioenergy (SPBE) operates a single unified bioenergy cogeneration plant that produces both electrical and thermal energy simultaneously from renewable biomass sources (sugarcane bagasse and wood chips from energy farms). The company also generates and sells carbon credits through the Clean Development Mechanism. The cogeneration unit features a 30.5-megawatt turbine and high-efficiency boiler, operating 335 days per year, producing approximately 200 GWh of net renewable energy annually that is distributed to the Dominican Republic's National Interconnected Electrical System (SENI), the CAEI Sugar Factory, and large industrial customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Cogenerated Electrical Energy Renewable electricity produced from sugarcane bagasse and wood chip biomass through high-efficiency cogeneration technology, distributed to the National Interconnected Electrical System (SENI), the CAEI Sugar Factory, and large industrial customers. The plant provides ~200 GWh of net renewable energy to the Dominican Republic's electricity grid annually.
• Cogenerated Thermal Energy Steam and heat energy produced simultaneously with electricity through the cogeneration process, supplied to the CAEI Sugar Factory and other industrial operations. This thermal energy was a key contributor to CAEI's 23% increase in milling capacity from 6,500 to 8,000 tons of sugarcane per day.
• Carbon Credits Emission reduction certificates issued through the Clean Development Mechanism of the Kyoto Protocol, enabled by the company's renewable energy production that prevents over 90,000 tons of CO2 per year. Registered with the Climate Change Office of the Dominican Republic.

Quantifiable outcome

• 90,000 tons of CO2 emissions prevented annually
• +4 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Consorcio Azucarero de Empresas Industriales (CAEI)coreStrategic or Co-development PartnerSPBE is a subsidiary company of CAEI Consortium. CAEI provides sugarcane bagasse (311,275 tons annually) and operates 35,000 hectares of sugarcane plantations plus 4,500 hectares of timber plantations. CAEI's centralized management channels SPBE's social investment programs to surrounding communities. CAEI Sugar Factory is SPBE's main customer, receiving electrical and thermal energy that enabled 23% production capacity increase.

Scale indicators14 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• São Martinho: Brazilian sugarcane processor with integrated biomass power generation from sugarcane bagasse. Comparable cogeneration business model and feedstock strategy in Latin American sugar industry.
• Raízen: Brazilian joint venture between Cosan and Shell operating sugarcane mills with biomass cogeneration plants producing electricity from bagasse. Highly comparable vertical integration model with sugar, ethanol, and bioenergy.
• Ledesma: Argentine sugar and paper producer operating biomass cogeneration from sugarcane bagasse at its Jujuy facility. Comparable vertically integrated sugar-and-bioenergy model in Latin America.
• Adecoagro: Latin American agricultural and energy company operating sugarcane mills in Brazil and Argentina with integrated biomass cogeneration. Closely comparable business model combining sugar production with renewable electricity generation from bagasse.
• Central Romana Corporation: Dominican Republic sugar and agro-industrial conglomerate with integrated bioenergy generation from sugarcane bagasse. Directly comparable as a domestic competitor producing both sugar and renewable electricity from bagasse feedstock.

Regional players

• Compañía Azucarera Salvadoreña (CASSA): El Salvador sugar producer with biomass cogeneration from bagasse. Regional Latin American peer using similar sugarcane-based bioenergy model but operating in a different geography.
• Consorcio Energético Punta Cana-Macao (CEPM): Dominican Republic power generator operating in the national grid. Comparable domestic energy market participant but focused on natural gas/fossil generation rather than biomass.

Broad incumbents

• Ence Energía: Spanish renewable energy company operating biomass power plants using agricultural and forestry residues. Comparable biomass-to-power technology platform at larger European scale.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/san-pedro-bio-energy

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about San Pedro Bioenergy