US Allocates $861 Million for Solar Energy Projects in Puerto Rico
The investment aims to bolster Puerto Rico's fragile power grid with new solar farms and storage systems.
- The U.S. Department of Energy announced an $861 million loan guarantee for two solar photovoltaic farms in Puerto Rico.
- The solar projects will be located in Guayama and Salinas and are supported by Clean Flexible Energy LLC, a subsidiary of AES and TotalEnergies.
- The initiative is part of efforts to rebuild Puerto Rico's power grid, which was severely damaged by Hurricane Maria in 2017.
- The solar farms will generate 200 megawatts of power and include 285 megawatts of storage capacity, enough to power 43,000 homes.
- This project aligns with Puerto Rico's goal to source 40% of its energy from renewables by next year and 60% by 2040.