How will Puerto Rico benefit from a solar PV project?

Annually, the solar PV installations will produce approximately 460,000 MWh of energy, enough to power approximately 43,000 homes, and enhance Puerto Rico’s grid reliability and energy security. The co-location of the new solar and battery resources will help maximize the project’s energy production and improve grid stability.

Does Puerto Rico have a high energy cost?

Puerto Rican residents pay energy costs significantly higher than the U.S. average. According to the Climate and Economic Justice Screening Tool, the Commonwealth of Puerto Rico, including the communities surrounding the Salinas and Jobos projects, faces some of the greatest energy burdens in the United States.

Who is developing Puerto Rico's energy grid?

Development is led by Clean Flexible Energy, an indirect subsidiary of AES Corp. and TotalEnergies Holdings USA. A conditional loan guarantee was announced for the project in July. Puerto Rico is aiming to eliminate coal-fired energy generation by 2028 and develop a 100% renewable energy grid by 2050.

How much money does Puerto Rico have to pay for solar?

Up to $190 million is available to Puerto Rico’s Housing Administration and a private company to pay for solar and battery installations in public housing common areas and subsidized, multifamily housing properties. Another $175 million is available for certain healthcare and dialysis centers.

What happened to Puerto Rico's electricity grid?

A worker installs rooftop solar panels on a home in Puerto Rico. The island’s electric grid was destroyed by Hurricane Maria in 2017, resulting in a plan to modernize and decarbonize. Courtesy of Sunrun This audio is auto-generated. Please let us know if you have feedback

What is the Puerto Rico energy Resilience Fund?

The President authorized $1 billion for the establishment of the Puerto Rico Energy Resilience Fund in 2022 to drive investments in renewable and resilient energy infrastructure on the island. A community benefits plan required by DOE “is being finalized and will be released to the public soon,” the agency said.